Oil prices increased in early Asian trading on Wednesday amid ongoing uncertainty surrounding the conflict in the Middle East. This comes after prices had fallen by as much as $5 earlier this week, reaching their lowest levels since early October due to demand concerns.
Brent crude futures climbed by 24 cents, or 0.3%, to $74.49 a barrel by 0054 GMT, while U.S. West Texas Intermediate crude futures decreased by 27 cents, or 0.4%, to $70.85 per barrel.
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