Oil prices rise ahead of US stockpiles report

SINGAPORE: Oil prices rose in Asian trade Wednesday but faced pressure from US demand fears and speculation over the future of the Federal Reserve's stimulus programme, analysts said.

New York's main contract West Texas Intermediate (WTI) for December
delivery gained 41 cents to $93.78 a barrel in mid-morning Asian trade, after sinking $1.25 to close at a five-month low in New York.

Brent North Sea crude for December climbed 45 cents to $105.78.