Oil prices rose on Wednesday as markets awaited the outcome of OPEC`s latest meeting to decide on the cartel`s oil output target level.
Traders were looking ahead also to US energy inventories data due for release on Wednesday.
Brent North Sea crude for delivery in July climbed 48 cents to stand at USD 110 a barrel in London midday deals.
US main contract West Texas Intermediate for July gained 23 cents to USD 104.58 a barrel.
The Organization of Petroleum Exporting Countries (OPEC), which pumps out about one third of the world`s oil, is expected to maintain its production output at a meeting in Vienna.
The "OPEC meeting will probably confirm the official production target of 30 million barrels per day", research house Capital Economics said in a note to clients.
Producers have said they are comfortable with current price levels at more than USD 100 a barrel, with Saudi oil minister Ali al-Naimi describing the market as "stable and balanced".
