LONDON: Oil prices eased in Asian trade on Wednesday, after a gain of 4 percent from the previous session, as markets weighed the chance of supply disruptions from the Iran-Israel conflict against a US Federal Reserve rates decision that could weigh on oil demand.
Brent crude futures slipped 49 cents, or 0.6 percent, to $75.96 a barrel by 9:20 Saudi time. US West Texas Intermediate crude futures fell 38 cents, or 0.5 percent, to $74.46 per barrel.
Both had initially been up 0.3 percent to 0.5 percent in early trade.
US President Donald Trump called on Tuesday for Iran’s “unconditional surrender” as the Iran-Israel air war entered a sixth day.
The US military is deploying more fighter aircraft to the region to bolster its forces, three officials said on Tuesday.
