Oil steady amid war jitters, surprise build in US crude stocks
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Oil prices held steady as the market weighed concerns over escalating conflict in Europe and the Middle East with demand worries following an unexpected build in US crude inventories. Brent crude futures rose 2 cents to $85.35 a barrel, while US West Texas Intermediate crude was down 6 cents to $81.51 per barrel. Both benchmarks gained over $1 in the previous session after a Ukrainian drone strike led to an oil terminal fire at a major Russian port. Israeli Foreign Minister Israel Katz warned of a nearing 'all out war' with Lebanon's Hezbollah. US crude stocks rose by 2.264 million barrels in the week ended June 14, according to market sources citing American Petroleum Institute figures.

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