Oil rises as doubts over US-Iran deal heighten supply concerns

As for longer-term supply, the EIA expected disruptions of about 600,000 barrels per day to Middle East crude oil supplies to ​persist through the end of 2027.crude inventories rose ​sharply in the week ​ended August 7, ⁠while gasoline and distillate stocks fell.

The crude build ​far exceeded ⁠expectations and, if confirmed by the EIA report later on Wednesday, could ease market concerns about supply tightness, Haitong Futures said in a note.