Oil Prices Steady Amid Middle East Tensions and US Demand Concerns

Geopolitical risks in the Middle East support oil prices despite a surprise build in US stockpiles and weak gasoline demand.

Crude oil futures held firm as Israel-Lebanon tensions raised fears of supply disruptions.
US crude and gasoline inventories unexpectedly increased, reflecting lower-than-expected demand.
Brent crude and West Texas Intermediate showed slight gains despite early trading losses.
Analysts highlight the tug-of-war between Middle East risks and weak US consumption.
Market watchers expect potential price spikes if geopolitical conflicts escalate further.