Les prix du Oil prices rose in early Asian trading on Thursday on growing expectations from the Federal Reserve to cut interest rates in September.

American West Texas Intermediate crude futures rose 36 cents, or 0.49%, to $74.43, while Brent futures rose 27 cents, or 0.34%, to $78.68 per barrel at 01:03 GMT. Nearly two-thirds of economists now expect interest rates to fall in September, offsetting recent bearish supply news. Lower interest rates reduce the cost of borrowing, which can encourage economic activity and boost oil demand. According to data from the U.S. Energy Information Administration, prices initially fell in early trading on Wednesday after U.S. crude inventories rose by 1.2 million barrels during the week to May 31, compared to analysts' estimates for a drop of 2.3 million barrels