Oil Updates – crude prices wobble amid weak demand, sturdy dollar

BEIJING: Oil seesawed between modest falls and gains on Wednesday as traders weighed the impact on prices stemming from escalating geopolitical tensions, concerns over tepid demand and a stronger dollar, according to Reuters.

The front-month March contract for Brent crude rose 4 cents to $79.59 a barrel at 10:12 a.m. Saudi time. US West Texas Intermediate crude also ticked up 4 cents to $74.41 a barrel.