ANZ's morning note on oil cites the "smaller than expected gain in inventories in the U.S." as a factor in supporting prices
(ANZ referring to the EIA data Wednesday morning US time)
Reuters Asian oil update goes on:
- Market also rallying after a less hawkish U.S. monetary outlook,
- Qatari oil minister Mohammed Bin Saleh Al-Sada said producers from within and outside the Organization of the Petroleum Exporting Countries will meet in Doha on April 17 to discuss plans for a freeze in output
- Around 15 OPEC and non-OPEC producers, accounting for about 73 percent of global oil production, support the initiative, the minister said.