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Oil slips on higher US crude stockpiles; market watches Middle East

Oil prices slipped as U.S. crude inventories rose more than expected, while the market monitored diplomatic efforts in the Middle East following Israel's attacks on Gaza and Lebanon. Brent crude futures dipped 0.3% to $75.84 a barrel, and U.S. West Texas Intermediate crude futures shed 0.3% to $71.54 a barrel. The market is waiting for Israel's response to Iran's missile attack, and the lack of outcome from U.S. Secretary of State Antony Blinken's visit to Israel may have contributed to Tuesday's price strength. U.S. crude stocks rose 1.64 million barrels last week, weighing on prices.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-13990515/Oil-slips-higher-US-crude-stockpiles-market-watches-Middle-East.html
Source Id: 8376318895

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