Oil edges up on strong US economic growth, supply risks

Core Viewpoint - Oil prices experienced modest increases on Wednesday, continuing the upward trend from the previous session, driven by strong U.S. economic growth and concerns over potential supply disruptions from Venezuela and Russia [1] Group 1: Economic Factors - Robust U.S. economic growth is contributing to the rise in oil prices, indicating a strong demand for energy resources [1] Group 2: Supply Risks - The risk of supply disruptions from Venezuela and Russia is a significant factor influencing the oil market, adding upward pressure on prices [1]