Brent Crude Holds Near $90/Barrel Amid Mideast Tensions

Oil futures remain steady near $90 per barrel as tensions in the Middle East continue to escalate. Although crude prices have eased back slightly, markets are still consolidating midweek gains.

The ongoing military strikes and renewed tensions in the region have kept oil markets on edge, with Brent crude holding near its current price of around $90 per barrel.

Markets remain tense as disruption to Saudi Arabian oil supplies continues, with some analysts warning of potential supply disruptions. The UAE's Adnoc has placed at least 12 million barrels of seaborne crude up for tender, but prices are attracting premiums to Dubai swaps.