Oil prices edge up on geopolitical tensions, Opec+ supply plans


OIL prices firmed on Wednesday as market participants weighed up geopolitical tensions and the prospect of OPEC+ extending supply cuts against weaker demand.

Brent crude futures rose 16 cents, or 0.2%, to $73.78 a barrel by 0440 GMT, while U.S. West Texas Intermediate crude futures gained 14 cents, or 0.2%, to $70.08.

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Oil , petroleum , Brent , WTI , crude , Opec

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