TOKYO: Oil rose on Wednesday as worries about an increase in supplies from Iran were offset by optimism about improving U.S. fuel demand that was reinforced by a drop in weekly inventory estimates.
Brent crude oil futures for July rose 44 cents, or 0.6%, to $69.09 a barrel by 0710 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $66.35 a barrel, up 28 cents, or 0.4%.
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