Oil prices rise as much as $1 on concerns over tightening supply
By Emily Chow SINGAPORE (Reuters) -Oil prices pared their gains on Wednesday but were still solidly bid, after U.S. inventories and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. Brent crude futures last rose 74 cents, or 1%, to $77.58 a barrel by 0645 GMT, while the U.S. West Texas Intermediate crude (WTI) gained 84 cents, […]