Oil rises, Brent at US$103.73 per barrel

Oil prices rose in early Asian trading on Wednesday.

Brent crude futures rose US$1.14, or 1.11 percent, to US$103.73 a barrel, while US West Texas Intermediate (WTI) crude rose 34 cents, or 0.38 percent, to US$89.72.

Brent is headed for a monthly gain of around 14 percent, its biggest climb since July, while WTI is on track for a 4 percent rise after having breached US$106 for the first time since May.