Global oil prices rose on Wednesday, boosted by China's pledge to support economic growth, tighter supply from Russia and on lower weekly U.S. crude oil inventories.
Brent futures rose 40 cents, or 0.5%, to $80.06 a barrel, while U.S. West Texas Intermediate crude was up 23 cents, or 0.3%, to $75.98.
China's top economic planner pledged on Tuesday that it would roll out policies to "restore and expand" consumption in the world's second-largest economy as consumers' purchasing power remained weak.
Russia will reduce its oil exports by 2.1 million tons in the third quarter in line with planned voluntary export cuts of 500,000 barrels per day in August, according to the energy ministry.
Source: Reuters
