By Nicole Jao NEW YORK (Reuters) - Oil prices eased on Wednesday after data showing an increase in U.S. diesel stockpiles stoked worries about demand and the U.S. Federal Reserve cut interest rates as expected. Brent crude futures settled 52 cents, or 0.76%, lower to $68.22 a barrel while U.S. West Texas Intermediate crude futures lost 47 cents, or 0.73%, at $64.05. U.S. crude inventories fell sharply last week with a jump in exports and a sharp decline in imports, the Energy Information Administration ...

By Shariq Khan NEW YORK (Reuters) - Oil prices rose over a dollar a barrel on Tuesday, as traders weighed the possibility that Russian supplies may be disrupted by Ukrainian drone attacks on its ports and refineries, and awaited the Federal Reserve's decision on U.S. interest rates. Brent crude futures settled up $1.03, or 1.5%, at $68.47 a barrel. U.S. West Texas Intermediate crude futures rose $1.22, or 1.9%, to settle at $64.52 a barrel. Russia's oil pipeline monopoly Transneft has warned producers t ...

By Arathy Somasekhar HOUSTON (Reuters) - Oil prices settled higher on Wednesday by more than $1 a barrel as investors worried about possible supply disruptions after Poland downed drones in its airspace and the U.S. pushed for new sanctions on buyers of Russian oil the day after an Israeli attack in Qatar, but a report showing swelling U.S. supplies capped gains. Brent crude futures settled up $1.10, or 1.7%, at $67.49 a barrel. U.S. West Texas Intermediate crude futures rose $1.04, or 1.7%, to settle at ...

Core Viewpoint - Oil prices increased following an Israeli military attack on Hamas leadership in Doha, Qatar, but gains were limited due to assurances from the U.S. and Qatar against further escalation in the region [1][2][3] Oil Price Movements - Brent crude futures rose by 37 cents (0.6%) to $66.39 per barrel, while U.S. West Texas Intermediate crude futures also increased by 37 cents (0.6%) to $62.63 per barrel [1] - Both benchmarks initially gained nearly 2% after the attack but later lost most of those gains [2] Geopolitical Context - The U.S. and Qatar have expressed a desire to avoid further escalation, and the muted response from other Gulf Cooperation Council members suggests that the risk of a broader regional conflict is contained [3] - Geopolitical risk premiums are currently easing rather than increasing [3] Supply and Demand Factors - The attack did not lead to immediate supply disruptions, which contributed to the paring of oil price gains [4] - Oil prices were already supported by a smaller-than-expected increase in OPEC+ output, expectations of continued oil stockpiling by China, and concerns over potential new sanctions against Russia [4] Market Sentiment - The U.S. Energy Information Administration anticipates significant pressure on global crude prices in the coming months due to rising inventories [5] - Physical oil markets are showing signs of weakness, with prompt spreads in the Atlantic basin weakening, indicating weak demand [5] Inventory and Economic Indicators - U.S. crude oil inventories reportedly rose last week, as per the American Petroleum Institute [6] - Traders are anticipating a potential interest rate cut by the Federal Reserve, which could stimulate economic growth and increase oil demand [7]