Baku:Oil prices rose in early Asian trading on Wednesday, with Brent crude futures increasing by 89 cents, or 0.8 percent, to reach $106.58 per barrel.

According to Emirates News Agency, US West Texas Intermediate (WTI) crude futures also experienced a rise, gaining 80 cents, or 0.9 percent, to $94.94 per barrel.

On Tuesday, Brent crude had fallen by 0.9 percent, whereas US crude saw a slight increase of 0.4 percent.