Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency (IEA) indicating that supplies would take longer to tighten than previously expected. Front-month Brent crude futures LCOc1 were up 68 cents at $59.11 per barrel by 0903 GMT, while U.S. crude futures CLc1 were up 70 cents to $53.99. Prices were supported by uncertainty in the Middle East, where fighting continues in Yemen. A Saudi-led campaign of air strikes against Iran-allied Houthi rebels threatened to turn into a ground intervention after Egypt said it had discussed military manoeuvres with Saudi Arabia and other Gulf allies. In the United States, North Dakota’s February oil production fell 15,000 barrels per day (bpd) versus January, although the number of producing wells hit […]