Oil holds above $108 amid Middle East supply fears
Oil prices declined on Wednesday after data showed a sharp increase in U.S. crude inventories last week, while markets continued to monitor the Middle East conflict and its potential impact on global oil supplies.
September 16, 2026 (MLN): Oil prices declined on Wednesday after data showed a sharp increase in U.S. crude inventories last week, while markets continued to monitor the Middle East conflict and its potential impact on global oil supplies. Currently, Brent crude futures is up, 0.74%, at $108.04 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $1.73, or 1.68%, to $1...