Dhaka, March 12 -- Oil prices edged up on Wednesday, buoyed by a weaker dollar, but mounting fears of a US economic slowdown and the impact of tariffs on global economic growth capped gains.

Brent futures rose 13 cents, or 0.2 per cent, to $69.69 a barrel at 0730 GMT, while US West Texas Intermediate crude futures gained 13 cents, or 0.2 per cent, to $66.38 a barrel.

Despite the weakening economic outlook, oil held steady in a positive position, said Daniel Hynes, senior commodity strategist at ANZ. "That's a sign that near-term demand for crude remains strong," he said.

The dollar index, which fell 0.5 per cent to fresh 2025 lows on Tuesday, boosted oil prices by making crude less expensive for buyers holding other currencies, accordi...