- Oil rose slightly in early trade on Wednesday as concern over escalating conflict in Europe and the Middle East offset demand worries following an unexpected build infutures for August delivery rose 6 cents to $85.39 a barrel by 0016 GMT. U.S. West Texas Intermediate crude for June was up 10 cents to $81.67 per barrel.
In the Middle East, meanwhile, Israeli Foreign Minister Israel Katz warned of a nearing"all out war" with Lebanon's Hezbollah, even as the U.S. attempted to avoid a broader conflict between Israel and Iran-backed Hezbollah. Keeping oil prices from rising further, U.S. crude stocks rose by 2.264 million barrels in the week ended June 14, according to market sources citing American Petroleum Institute figures on Tuesday. Analysts polled by Reuters had expected a 2.2 million barrel draw in crude stocks.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Oil Companies in Trouble as Renewables Suddenly Mean They're Producing Way Too Much OilScience and Technology News and Videos
Leggi di più »
U.S. crude oil gains more than 1% as market looks to OPEC+ meeting on production levelsOil market analysts are broadly expecting OPEC+ to maintain its current production levels.
Leggi di più »