Oil prices rise, Brent at US$106.58 per barrel

Oil prices rose in early Asian trading on Wednesday, with Brent crude futures rising 89 cents, or 0.8 percent, to US$106.58 per barrel.

US West Texas Intermediate (WTI) crude futures gained 80 cents, or 0.9 percent, to US$94.94 per barrel.

Brent crude fell 0.9 percent on Tuesday, while US crude rose 0.4 percent.