Oil prices rise, Brent nears $100

Oil prices rose for a fourth consecutive session, gaining more than US$1 in early trading on Wednesday.

Brent crude futures rose $1.57, or 1.6 percent, to $99.49 per barrel by 00:01 GMT, while US West Texas Intermediate (WTI) crude gained $1.60, or 1.72 percent, to $94.63 per barrel.