India, July 17 -- Oil prices were moving sideways on Thursday due to tariff-related uncertainty. Escalating Middle East tensions and signs of strong U.S. demand helped limit losses, if any.
Brent crude futures for September delivery dipped 0.3 percent to $68.34 a barrel in European trade, while WTI crude futures for August delivery were little changed at $66.39.
Drone attacks in Iraq and Israeli airstrikes in Syria raised supply concerns, while U.S. inventory dropped signaled strong demand.
Traders kept a close eye on escalating violence in southern Syria, where Israeli airstrikes targeted Syrian government forces for a second day amid clashes between Druze militias and government-aligned Bedouin fighters in Sweida.
Drone attacks for a ...