Brent rises on Middle East war jitters, while WTI dips ahead of inventories report
Brent crude futures for August delivery rose 8 cents to $85.15 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June was down 27 cents, or 0.3%, to $81.30 per barrel.Israeli troops, backed by tanks, warplanes and drones, moved farther into the Gaza Strip city of Rafah on Wednesday, killing eight people, residents and Palestinian medics said.
WTI crude, meanwhile, slipped ahead of the U.S. government's oil inventories report, which was delayed by a day due to the national holiday. The Energy Information Administration is due to release last week's oil stocks data at 11 a.m. EDT on Thursday. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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