OPEC to discuss oil policy on Dec. 5
US oil and fuel stockpiles rose last week
Israel warns of renewed war in Lebanon
South Korea president faces impeachment after martial law debacle

Dec 4 Reuters Oil prices firmed slightly on Wednesday, with traders expecting OPEC to announce an extension to supply cuts this week while heightened geopolitical tensions continue to dominate market sentiment.

Brent crude futures were up 19 cents, or 0.26, at 73.81 a barrel by 0916 GMT while U.S. West Texas Intermediate crude futures rose 13 cents, or 0.19, to 70.07.

On Tuesday, Brent posted its biggest gain in two weeks, rising by 2.5.

A shaky ceasefire between Israel and Hezbollah, South Korea39;s curtailed declaration of martial law and a rebel offensive in Syria that threatens to draw in forces from several oilproducing countries all lent support to oil prices, said Priyanka Sachdeva, senior market analyst at Phillip Nova.

In the Middle East, Israel said on Tuesday that it would return to war with Hezbollah if their truce collapses and that its attacks would go deeper into Lebanon and target the state itself.

In South Korea, meanwhile, lawmakers have submitted a bill to impeach President Yoon Suk Yeol after his declaration of martial law on Tuesday, which was reversed within hours, sparking a political crisis in Asia39;s fourthlargest economy.

However, the bullish momentum hasn39;t pushed crude past the 75 resistance, indicating market sensitivity to geopolitical and economic…