U.S. crude futures climbed towards $54 a barrel in early Asian trade on Wednesday, buoyed by a smaller than expected build in U.S. crude inventories, Middle East tensions and a weaker dollar.
U.S. crude for May delivery rose 15 cents to $53.44 as of 0003 GMT after settling $1.38 higher in the previous session to surge above its 100-day moving average of $52.96.
Brent crude for May delivery climbed 31 cents to $58.74 after rising 50 cents in the previous session. The Brent contract expires on Wednesday.
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