Brent crude climbed above $87 as Middle East tensions intensified, US crude inventories fell and expectations grew that OPEC+ may pause output hikes.

Oil prices increased significantly on Wednesday due to declining U.S. crude inventories. OPEC+ is expected to halt output increases starting in October, supporting prices. …

Oil prices rebounded sharply on Wednesday, reversing part of the previous session's steep decline, as renewed tensions in the Middle East reignited concerns over global crude…