Crude oil futures are slightly higher due to the decrease in US inventories and the postponement of the OPEC Plus production cut reduction.

September 6, 2024, 11:24 AM GMT+9 (excerpt)

During Asian trading hours, crude oil futures are trading slightly higher. Despite concerns over mixed US employment data, the significant reduction in US crude oil inventories and the extension of the OPEC Plus production cut reduction by non-OPEC countries such as Russia are providing support.
At 00:10 GMT (9:10 AM Japan time), North Sea Brent futures are $0.19 (0.26%) higher at $72.88 per barrel, and US WTI crude oil futures are $0.22 (0.32%) higher at $69.37.
ANZ analyst Mr. Daniel Hines stated, "The bullish signal offset the bearish sentiment in the market that had been lingering for the past few days, leading to a slight increase in crude oil prices," and also pointed out that the weak dollar is supporting commodity prices.