Sunday, August 30, 2026
Oil prices pare earlier gains amid Iran watch; US inventories seen falling sharply- oil and gas 360

Oil prices pare earlier gains amid Iran watch; US inventories seen falling sharply

(Investing) – Oil prices were largely flat on Wednesday, halting a sharp advance from earlier after reports of growing tensions between the U.S. and Iran pushed up concerns over potential supply disruptions in the Middle East. Oil had also benefited from industry data showing U.S. oil inventories unexpectedly shrank by a large amount in the prior week, as extreme cold weather in

Oil prices steady with focus on Israel-Iran war, U.S. inventories and Fed decision- oil and gas 360

Oil prices steady with focus on Israel-Iran war, U.S. inventories and Fed decision

(Investing) – Oil prices steadied on Wednesday after recent sharp gains as elevated Middle East tensions pushed up fears of supply disruptions, while industry data showed a massive draw in U.S. inventories. At 08:00 ET (12:00 GMT), Brent oil futures for August gained 0.1% to $76.52 a barrel, and West Texas Intermediate crude futures rose 0.1% to $73.32 a barrel. Iran’s Khamenei raises tensions further