Oil edges up on Mideast tensions, trade optimism - Reuters:
Oil inched up on Thursday on rising tensions in the Middle East and signs of improving Washington-Beijing trade relations, but a strong U.S. dollar limited price gains.
Brent crude futures LCOc1 settled at $66.25 a barrel, gaining 25 cents. U.S. West Texas Intermediate (WTI) crude CLc1 settled at $61.18, rising 12 cents.
The dollar rose about 0.5% .DXY, recovering from a six-month low after a downbeat December left the index virtually unchanged for 2019. A stronger dollar makes oil more expensive for holders of other currencies.
Worries that rising tensions in the Middle East could hit supply outweighed strides in the dollar index.
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