Oil rises thanks to strong demand

on slowdown in the Asian economy that prevented further gains.

According to national estimates sent to the common data initiative , global oil demand has raised in the first six months of this year compared with the same period of 2014 due to lower crude prices by half and large declines in the prices of most fuels in many consuming countries.

 The initiative consumption is amounted to 71.4 million barrels per day on average over the first six months, up from 69.1 million barrels per day a year ago, an increase of 2.3 million barrels per day, equivalent to 3.3 percent

Traders said that the political risk premium returned to the oil market in light of air strikes that Russia and the United States have waged in Syria without coordination.

In the US markets , Joaquin hurricane strength has strengthened in the Atlantic Ocean that may become a strong storm as the US hurricane center said but expectations do not agree on whether it will reach the coast of the United States.

At 0638 GMT, US crude rose 60 cents from the previous settlement to $ 45.69 a barrel. And it increased futures for Brent 45 cents to $ 48.82 a barrel.

The limited liquidity during the Asian transactions was limited because of the start of the Chinese national holiday that lasts eight days.