Oil futures edged higher in Asian trading. However, near-term prices for global crude oil are likely to remain capped due to supply risks and potential trade challenges, GivTrade said.

Crude Oil WTI Futures, the U.S. benchmark, recently traded at $72.76 a barrel following the report after settling up 0.6% at $72.70 a barrel.

U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% ...

Crude oil futures recovered from an early deep selloff on Tuesday on reports that President Trump intends to return to a "maximum pressure" campaign against Iran that includes stopping oil exports ...

Oil futures fell in early Asian trade. Volatility remains high in crude oil markets as the threat of U.S. tariffs continues to loom, ANZ Research said.