Investing.com - Brent crude prices rose above $40 per barrel on Wednesday as traders expected defaults to trigger a drop in production
The growing number of defaults by energy companies since the start of the year is expected to lead to a dip in global production
But concerns over slowing demand and an ongoing global production and storage overhang was capping any potential for bigger price gains
The U.S. was to release data on oil stockpiles later on Wednesday