Oil prices rise for first time in three days

Oil prices rose for the first time in three days on Wednesday, boosted by an early Wall Street rally ahead of a news conference by U.S. President-elect Donald Trump, and also lifted by news of Saudi supply cuts to Asia.
    
Brent was up $1.42, or 2.7 per cent, at $55.06 a barrel just before the speech.
   
U.S. West Texas Intermediate (WTI) rose $1.30, or 2.6 per cent, to $52.12 per barrel.