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Oil: Brent approaches $70 on Wednesday in London

Oil prices edged higher on Wednesday as traders monitored geopolitical tensions.

By midday, North Sea Brent crude for April delivery rose 1.21% to $69.23 a barrel.

U.S. West Texas Intermediate (WTI) crude for March delivery gained 1.28% to $64.78 a barrel.

Investors were assessing the risk of renewed geopolitical tensions that could disrupt global supply.

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