Oil prices increased Wednesday morning due to Middle East supply worries. Attacks on ships fueled concerns about disruptions in vital shipping lanes. Hopes for a US-Iran peace deal began to fade, impacting market sentiment. US crude inventories unexpectedly rose, which could ease supply tightness concerns. Disruptions to Middle East oil supplies are expected to persist through 2027.
Oil prices increased Wednesday morning due to Middle East supply worries. Attacks on ships fueled concerns about disruptions in vital shipping lanes. Hopes for a US-Iran peace deal began to fade, impacting market sentiment. US crude inventories unexpectedly rose, which could ease supply tightness concerns. Disruptions to Middle East oil supplies are expected to persist through 2027.
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