Oil prices climbed 1% on Wednesday on worries that the escalating conflict in the Middle East could threaten oil supplies from the world's top producing region, but a large build in U.S. crude inventories limited gains.
Brent futures up 84 cents, or 1.14%, to $74.40 per barrel by 11:16 a.m. EDT (1516 GMT) . U.S. West Texas Intermediate (WTI) crude rose 87 cents, or 1.25%, to $70.70 per barrel.
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