India, Feb. 11 -- Oil ticked higher on Wednesday as a weaker dollar as well as supply risks stemming from tensions in the Middle East outweighed industry data showing a big rise in stockpiles.
Benchmark Brent crude futures jumped 1.4 percent to $69.75 a barrel while WTI crude futures were up 1.5 percent at $64.94.
The dollar dropped against all of its major peers following the release of weak U.S. retail sales data and ahead of the release of the delayed U.S. jobs report later in the day.
Traders parsed mixed signals on the risks of supply disruptions in the Middle East ahead of a meeting between Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump that would halt Iran's uranium enrichment.
Tensions between the U.S....