Oil prices rose about 1 percent in European trade amidst fears of lower supplies from Russia and signs of declining inventories.
Investors also assessed chances of further stimulus from China after rating agencies sent stark warnings about Wanda Commercial, China's biggest commercial real estate firm.
Benchmark Brent crude futures were up a little over 1 percent at $80.45 a barrel, while WTI crude futures were up 1.1 percent at $76.50.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.