Oil prices edged higher early on Wednesday due to concerns over increasing conflict in Europe and the Middle East, which outweighed worries about demand following an unexpected rise in U.S. crude inventories.
Brent crude futures for August delivery saw a slight increase of 6 cents, reaching $85.39 per barrel by 0016 GMT. Meanwhile, U.S. West Texas Intermediate crude for June rose 10 cents to $81.67 per barrel.
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