Oil rises more than 1% as investors assess Iran-Israel ceasefire, demand outlook

Oil prices climbed more than 1 per cent on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, while support also came from data that showed U.S. demand was relatively strong. Brent crude futures CBN26 were up 99 cents, or 1.5 per cent, at US$68.13 a barrel at…