Oil prices edged up slightly on Wednesday, after having fallen sharply in the previous session on expectations of increased supply.
Brent crude futures for August delivery were up 0.2 percent at $79.10 a barrel after tumbling 5 percent on Tuesday amid investor optimism for an end to the U.S.-Iran war and a possible reopening of the Strait of Hormuz, crucial for oil and gas transit worldwide.
WTI crude futures for July delivery were up 0.1 percent at $76.11 after the American Petroleum Institute estimated that commercial crude oil inventories in the United States fell by 8.33 million barrels during the week ended June 12.
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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.