0240 gmt oil prices rise in asian trade amid supply tightness and easing macroeconomic pressures as the fed edges toward the end of its ratehike cycle meanwhile bp has said oil demand is set to rise “with ceo bernard looney saying that despite concerns of the global economy demand for oil has been incredibly resilient” anz analysts say in a note looney expects strong demand to continue into 2024 they add anz also points to supply tightness in the market as recent production cuts are implemented frontmonth wti rises 12 to 8236bbl and brent is also 12 higher at 8592bbl sherryqinwsjcom