Washington-agencies :
Oil prices rose in early trading on Wednesday, to continue their gains made over the past two days, as the dollar and US crude inventories unexpectedly fell.
Brent crude futures rose 11 cents, or 0.1 percent, to 83.80 dollars per barrel, extending its 3.3 percent gain in the previous session.
US WTI futures rose 13 cents, or 0.2 percent, to 77.27 dollars a barrel, after jumping 4.1 percent in the previous session.
The dollar index fell slightly to 103.29 in early trading, continuing losses after Powell's remarks on Tuesday, which made oil cheaper for holders of other currencies.
This was contrary to the expectations of nine analysts polled by Reuters, who estimated the growth of crude stocks by about 2.5 million barrels.
However, gasoline and distillate stocks rose more than expected. Gasoline stocks rose by about 5.3 million barrels and distillate stocks, which include diesel and heating oil, by about 1.1 million barrels.
The market will be looking to see if the data from the US Energy Information Administration confirms the decline in crude inventories.
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