Oil prices climbed as investors assessed the stability of a ceasefire between Iran and Israel, but held near multi-week lows on the prospect that crude oil flows would not be disrupted.
Brent crude futures rose 85 cents, or 1.3 per cent, to $67.99 a barrel at 0341 GMT (8:41am PKT), while US West Texas Intermediate (WTI) crude gained 87 cents, or 1.4pc, to $65.24.
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.
Prices had rallied to five-month highs after the U.S. attacked Iran’s nuclear facilities over the weekend.
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