New Delhi, March 12 -- Oil prices edged higher on Wednesday, supported by a weaker dollar, though concerns over a potential U.S. economic slowdown and the impact of global trade tariffs limited gains. Emkay noted that Brent crude futures rose by 13 cents, or 0.2 percent, to USD 69.69 per barrel as of 0730 GMT, while U.S. West Texas Intermediate (WTI) crude futures also gained 13 cents, or 0.2 percent, to USD 66.38 per barrel. Despite economic uncertainties, oil prices have held steady within a defined range.

According to Emkay, Brent crude has been fluctuating between USD 70 and USD 75 per barrel for over three months, with little indication of a sustained breakout.

"The broad range that was forecast in the last few monthly updates, US$...