Oil climbs from multi-year low, tariff concerns and rising supply weigh




Oil prices increased on Thursday following heavy sell-offs that pushed the market to a multi-year low. However, tariff uncertainties and a rising supply outlook limited further gains.

By 0416 GMT, Brent futures were up 39 cents, or 0.56%, at $69.69 per barrel, while U.S. West Texas Intermediate (WTI) futures gained 39 cents, or 0.59%, to $66.70 per barrel.

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