Crude oil futures rose slightly due to the possibility of a technical rebound.

Crude oil futures in Asia rose slightly in early trading, after West Texas Intermediate and Brent crude oil futures settled significantly lower on Thursday. The increase in oil prices this round may be a technical rebound. Near-month West Texas Intermediate futures rose 0.3% to $59.35 per barrel, while near-month Brent crude futures rose 0.2% to $63.86 per barrel. The oil market may also be supported by potential supply disruptions. The US Southern Command confirmed that the US military seized the sixth oil tanker near Venezuela on Thursday morning. Analysts at ANZ Bank stated in a research report that this appears to be part of a ban on the sale of sanctioned oil.