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Oil prices rise on weak dollar, but concerns over tariff impact cap gains

Reuters
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Brent futures rose 27 cents , or 0.39% , to $ 69.83 a barrel at 0110 GMT on Wednesday .

U.S. West Texas Intermediate crude futures gained 29 cents to $ 66.54 a barrel.

The dollar index fell 0.5% to fresh 2025 lows on Tuesday , making crude less expensive for buyers holding other currencies.

Fears of a slowdown and impact of tariffs on global economic growth capped gains.