Sydney — Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential US-Iran conflict.

Front-month Brent crude futures, the international benchmark for oil, were up 1.3% at $65.91 by 3.41am GMT. They earlier touched their highest level since May 31 at $66 a barrel.

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