Oil prices rise to their highest since early March

On Wednesday, oil prices rose to their highest since early March after data showed a big drop in U.S. crude inventories, although concerns that mounting coronavirus infections will lead to reduced fuel demand capped gains.

Brent crude was up $1.03, or 2.3%, at $45.46 a barrel by 0951 GMT, while West Texas Intermediate oil rose $1.03 cents, or 2.5%, to $42.73 a barrel.