SINGAPORE: Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in US crude stockpiles, while the market kept tabs on flaring tensions in the Middle East, according to Reuters.

Brent crude futures edged up 46 cents, or 0.5 percent, to $86.70 per barrel at 9:45 a.m. Saudi time. US West Texas Intermediate crude futures climbed 42 cents or 0.5 percent to $83.23 per barrel.

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