India, Sept. 3 -- Oil edged lower on Wednesday after rising more than 1 percent in the previous session following U.S. sanctions on a network of companies and vessels transporting Iranian oil.
The downside remained limited as expectations mounted that an escalation of the conflict between Russia and Ukraine would disrupt supply.
Benchmark Brent crude futures dipped 0.4 percent to $68.89 a barrel in European trading, while WTI crude futures were down 0.4 percent at $65.30.
Investors grappled with rising bond yields and renewed trade uncertainty as U.S. President Donald Trump's bid to fire Fed Governor Lisa Cook raised alarms over central bank independence and a court ruling challenged Trump-era tariffs.
Meanwhile, the U.S. government has...