Dhaka, July 9 -- Oil prices edged down on Wednesday after rising to two-week highs in the previous session, as investors awaited new developments on US tariffs amid expectations of rising crude inventories in the United States.

Brent crude futures slipped 7.0 cents, or 0.1 per cent, at $70.08 a barrel by 0400 GMT. US West Texas Intermediate crude fell 8 cents, or 0.1 per cent, to $68.25 a barrel, according to Reuters.

US President Donald Trump's latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity on the path forward.

Trump pushed back W...