Oil Updates — Crude ticks up; Colombia’s July oil output rose 2.3%; US senators urge sanctions on Russian oil
RIYADH: Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor fears it could lead to a recession and hurt fuel demand.
Brent crude futures rose 11 cents, or 0.1 percent, to $90.73 a barrel by 0415 GMT after falling $1.38 the previous day.
US West Texas Intermediate crude was at $83.99 a…