Oil prices edged lower on Wednesday as supply worries eased somewhat despite continued Middle East tensions.
Benchmark Brent crude futures dropped 0.4 percent to $103.01 a barrel while WTI crude futures for May delivery were down 1.5 percent at $94.06.
Supply concerns eased after data from the American Petroleum Institute showed that U.S. oil inventories grew by 6.60 million barrels in the past week, against expectations for a 0.6 mb draw.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.