Brent crude price jumps near $70 as Iran risk lifts oil despite big U.S. stock build
Brent crude rose nearly 2% to $70.02 a barrel Wednesday, while U.S. crude stocks jumped by 8.5 million barrels last week, EIA data showed. Traders focused on U.S.-Iran tensions and possible stricter enforcement against Iranian oil shipments. OPEC+ meets March 1 to discuss output.