Oil Rises as Tensions Over Iran Eclipse Signs of Inventory Build

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Middle East Crisis:Storage tanks at the Bayway Refinery in Linden, New Jersey.Oil gained as tensions in the Middle East focused on Iran outweighed a US industry report that pointed to a big rise in stockpiles.West Texas Intermediate rose above $64 a barrel, after ending slightly lower on Tuesday, while Brent was near $69. Traders assessed a slew of reports, including one that the US was considering seizing tankersBloomberg Terminal with Iranian crude, and a second that another aircraft carrierBloomberg Terminal strike group could be sent to the region should negotiations over Iran’s nuclear program fail.