Oil Prices Edge Higher Amid Market Anticipation for Demand Estimates

As traders await key monthly reports, oil prices see slight increases, reflecting cautious optimism in the market.

Oil prices rose slightly in early Asian trading, with Brent futures for May delivery increasing by 23 cents to $82.44 a barrel.
The U.S. crude April contract saw a modest rise of 17 cents, ending at $78.10 a barrel.
Market movements were limited as traders awaited demand estimates from the Organization of Petroleum Exporting Countries, the International Energy Agency, and the Energy Information Administration.
Despite ongoing fighting in the Middle East, oil supply concerns have eased, with no significant disruptions reported.
In related commodities, gold and silver prices also saw increases, with April gold delivery rising $3.10 to $2,188.60 per ounce and May silver delivery up 17 cents to $24.72 per ounce.