Oil Updates — crude rises more than 1% as investors assess Iran-Israel ceasefire, demand outlook

LONDON: Oil prices climbed more than 1 percent on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, while support also came from data that showed US demand was relatively strong. Brent crude futures were up 99 cents, or 1.5 percent, at $68.13 a barrel at 12:02 p.m. Saudi time, while US West Texas Intermediate crude gained 94 cents, or 1.5 percent, to $65.31. Brent settled on Tuesday at its lowest since June 10 and WTI since June 5, both before Israel launched a surprise attack on key Iranian military and nuclear facilities on June 13.

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