Crude Oil Price Edges Higher To $46 Per Barrel Mark On US Output Cut

Crude oil prices edged higher to the $46 per barrel mark on Wednesday, rising for the third day in a row, in anticipation of tightening of supply ahead. Global benchmark Brent futures moved in a narrow range between $45.86 per barrel and $46.10 per barrel, firming up after starting the day mildly stronger at $45.97 compared to their previous close of $45.86. While the shutting down of most of offshore output by US producers in the Gu...