Oil rises on Middle East, U.S. output, but IEA report caps gains.

By Himanshu Ojha.

LONDON (Reuters) - Brent oil rose to $59 a barrel on Wednesday amid Middle East tension and signs of a dip in U.S. production, but gains were capped after the International Energy Agency (IEA) said supplies might take longer to tighten than previously expected.

Front-month Brent crude futures were up 59 cents at $59.02 by 1340 GMT, while U.S. crude futures had gained 60 cents to $53.95.


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