Oil Steady Amid US Stock Build But Jitters Abound

OIL PRICE - LONDON. Oil prices were little changed on Wednesday, staying close to their highest levels in seven weeks as the market weighed concerns over escalating conflicts against demand worries following an unexpected rise in U.S. crude inventories.

Brent crude futures for August, due to expire on Thursday, were down 13 cents to $85.20 a barrel by 1046 GMT, while the more active September contract eased by 5 cents to $84.48.