NEW YORK: Oil prices edged up on Wednesday on worries that the escalating conflict in the Middle East could threaten oil supplies from the world's top producing region, but a large build in US crude inventories limited gains.
Brent futures rose 34 cents, or 0.46%, to settle at US$73.90 per barrel. US West Texas Intermediate crude climbed 27 cents, or 0.39%, to settle at US$70.10 per barrel. On Tuesday, Iran fired more than 180 missiles at Israel, its biggest ever direct attack on the country. Israel and the United States vowed retribution for the attack, a sign that conflict in the region is intensifying.
