Oil prices edged higher, Brent crude trades at 78.52 dollars per barrel

Oil prices edged higher yesterday a day after sinking five percent to a four-month-low on growing worries about burgeoning non-OPEC supply and cooling demand.

 

In intra-day trade, Brent



crude was trading at 78 dollars and 52 cents per barrel, while U.S. West Texas Intermediate crude was trading at 73 dollars and 83 cents per barrel when reports last came in.