
Oil prices climbed more than 1 per cent on Wednesday, extending the prior day’s gains, as investors weighed a fresh round of US sanctions on Iran, a drop in US crude stocks and a softer tone from President Donald Trump towards the Federal Reserve.
Brent crude futures climbed $1, or 1.5 per cent, to $68.44 a barrel at 0640 GMT, while US West Texas Intermediate crude was up 99 cents,