Oil prices eked out modest gains on Thursday as concerns about supply offset industry data showing another hefty build in U.S. inventories.
Benchmark Brent crude futures rose 0.4 percent to $83.36 a barrel, while WTI crude futures were up 0.4 percent at $78.23.
Due to continued attacks on commercial vehicles in the Red Sea route, tankers have been diverting to longer routes. Houthi rebels have reportedly said ships in the Red Sea and Arabian Sea are their latest maritime targets.
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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.