Oil climbs as US-Iran tensions flare again while stockpiles tighten

SINGAPORE: Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous ‌session, after the US military launched new strikes against Iran and as market data showed another large draw in US crude stocks. Brent futures rose 66 cents, or 0.7 percent, to $92.11 a barrel at 07:06 a.m. Saudi time, while US West Texas Intermediate crude climbed 60 ​cents, or 0.7 percent, to $88.80.