Oil edges up amid U.S.-Iran deal doubts
Oil prices rose today, Wednesday, despite an increase in U.S. oil inventories. However, doubts about the possibility of reaching an agreement between the United States and Iran, along with the rise in attacks on ships through the Strait of Hormuz, have heightened fears of oil supply disruptions in the Middle East. Brent crude contracts reached $89.63 per barrel, while West Texas Intermediate crude hit $83.91, both continuing their ascent to the highest levels since July. Meanwhile, despite expectations of a decline in U.S. oil stocks, market data showed crude oil inventories increasing by approximately 9.1 million barrels. Additionally, forecasts remain that 600,000 barrels per day of oil supplies from the Middle East will be disrupted until the end of 2027.
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