Singapore — Brent crude oil futures rose above $60 a barrel for the first time in over a week on Wednesday after a data report showed a larger-than-expected drop in US crude inventories, but worries about a possible global recession capped gains.

Brent crude had gained 32c, or 0.5%, to $60.35 a barrel by 4.03am GMT, after settling 0.5% higher on Tuesday.

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