He reportedly stated that many new suppliers are entering the market, including those from Guyana, and India could also rely on supplies from existing producers such as Brazil and Canada.
Benchmark Brent crude prices were up 0.4% at $68.96 per barrel, while U.S. West Texas Intermediate crude prices gained 0.6% at $66.94 per barrel at 5.31 a.m. GMT.
Benchmark Brent crude prices rose by 0.2% to $70.47 per barrel, while U.S. West Texas Intermediate crude prices gained 3 cents to $68.49 per barrel at 2.42 a.m. GMT.
Benchmark Brent crude gained 0.1% at $70.27 per barrel, while U.S. West Texas Intermediate crude advanced eight cents to $68.46 per barrel at 7.38 am GMT.
Benchmark Brent crude prices fell 1% to $67.63 per barrel, while West Texas Intermediate (WTI) crude prices were down 1% at $65.83 per barrel at 2.28 am GMT.
On Tues, U.S. markets closed mixed w/ S&P 500 & Nasdaq down due to large-cap tech stocks, while Dow gained. Volatility high, data supported Fed's stance. Asia markets vary, Europe up, commodities steady, U.S. futures and dollar index rise.
Benchmark Brent crude prices fell 0.4% at $66.56 per barrel while U.S. West Texas Intermediate crude prices were down 0.6% at $65.14 per barrel at 2.42 am GMT.
U.S. markets up on trade deals and rate cut hopes, but concerns persist. Mixed economic data, Central bank expectations, and geopolitical risks affect performance. Asia and Europe markets mostly lower, commodities mixed, USD weak on trade uncertainty.
Benchmark Brent crude prices rose 0.6% at 67.11 per barrel, while U.S. West Texas Intermediate crude prices gained 0.6% at $65.65 per barrel at 6.02 GMT.
President Donald Trump said on Wednesday the United States will hold nuclear talks with Iran next week, following devastating U.S. air strikes that intelligence officials say "severely damaged" Tehran's nuclear capabilities.
US markets closed mixed on Wednesday, tech shares lifted Nasdaq while S&P 500 remained flat. Fed Chair Powell reiterated wait-and-see approach. Asian markets mostly up, European markets also positive with oil prices steady.
According a report by The Wall Street Journal, discussions between Shell and BP are progressing slowly and remain preliminary, with no guarantee of a deal.
