Why did oil prices rise 1% on Wednesday?

REUTERS/Manon Cruz/File Photo Purchase Licensing Rights HOUSTON, June 5 (Reuters) - Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed builds in U.S. crude and fuel stocks.

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We appreciate your patience as we work to resolve this issue. Daily wholesale and retail prices for various energy products are shown below, including spot prices and select futures prices at national or regional levels. Prices are updated each weekday (excluding federal holidays), typically between 7:30 and 8:30 a.m.

Why are oil markets on edge?

Markets have been on edge since over fears of a widening of the conflict in the Middle East — a major oil-producing region. Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.