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Oil futures edge up amid rising tensions in the Middle East

Oil futures edged up on Wednesday as worries that rising tensions in the Middle East could hit global supplies overshadowed an unexpected build in U.S. crude inventories.
 
Brent crude gained 58 cents to $71.82 a barrel while U.S. West Texas Intermediate (WTI) crude futures climbed 25 cents to $62.03 a barrel.
 
 The Energy Information Administration (EIA) said U.S. crude stocks rose unexpectedly last week to their highest since September 2017, while gasoline stockpiles decreased more than forecast.


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