Dhaka, Sept. 3 -- Oil prices eased in Asia on Wednesday but held near one-month highs on the back of new US sanctions on a network of shipping companies and vessels, while traders looked ahead to an OPEC+ meeting over the weekend.

Brent crude fell 16 cents, or 0.2 per cent, to $68.98 a barrel by 0645 GMT. US West Texas Intermediate crude dipped 13 cents, or 0.2 per cent, at $65.46 a barrel, as per a Reuters report.

The benchmarks settled up more than 1.0 per cent in the previous session after the US imposed new sanctions on a network of shipping companies and vessels led by an Iraqi-Kittitian businessman for smuggling Iranian oil disguised as Iraqi oil.

Oil futures continue to be supported by the fresh sanctions, which signal the possi...