Oil prices dipped on Wednesday after the U.S. government released bearish data on crude and fuel supplies ahead of the U.S. summer driving season, a period of higher demand. Prices had earlier increased about 1% following reports Israel could be preparing to strike Iranian nuclear facilities that raised fears of a supply disruption in the Middle East.

Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and f

Oil prices fell for a third straight session on Thursday as unexpected increases in U.S. crude and fuel inventories raised concerns about demand from the world's largest oil consumer while investors eyed renewed Iran-U.

Crude oil futures finished lower for a second straight session after an rally on a report that Israel may be preparing to attack Iran’s nuclear facilities fizzled out. A potential strike on Iran, which produces 3.