The fallout from the U.S. crackdown on Huawei intensified this week, as trade negotiations between Washington and Beijing reportedly hit a roadblock.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Binny Bansal, co-founder of Indian e-commerce giant Flipkart, says there are three traits that led to the business landing a record-breaking sale to retail giant Walmart.Entrepreneursread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
U.S. President Donald Trump told his supporters in Pennsylvania that his high-stakes trade war with China had strengthened the state's steel industry and jobs.Politicsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
* Market shrugs off gain in U.S. crude oil inventories
* Uncertainty over OPEC supply helping to cap gains
* Weekly changes in U.S. inventories: https://tmsnrt.rs/2XkQF8e (Updates prices, adds comment)
LONDON, May 16 (Reuters) - Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.
Brent crude futures were up 35 cents at $72.12 a barrel by 1025 GMT, heading for the biggest weekly rise in six weeks.
U.S. West Texas Intermediate (WTI) crude futures were up 46 cents at $62.48.
Oil was drawing support from the risk of conflict in the Middle East, with helicopters carrying U.S. staff from the U.S. embassy in Baghdad on Wednesday out of apparent concern over perceived threats from Iran.
"Brent looks poised to breach the upper bound of its recent $70-$73 a barrel price range as bullish headlines from the (Mideast) Gulf continue worrying investors," Citi said in a note.
A rise in U.S. crude oil inventories to their highest since 2017 helped to cap prices, though government data pointed to a smaller increase than previous industry data, with falling gasoline stocks also providing some price support.
Also keeping prices in check is uncertainty about whether Organization of the Petroleum Exporting Countries (OPEC) and other producers will continue supply cuts that have boosted prices more than 30% so far this year.
OPEC said on Tuesday that world demand for its oil would be higher than expected this year.
Despite continuing trade tensions between the United States and China, which have weighed on the demand outlook, the oil market is marked by tight supply.
"There is ... more supply at risk to a new U.S. war in the Middle East than demand at risk to the continuation of the trade war with China," Petromatrix analyst Olivier Jakob said in a note.
An end this month to U.S. waivers that allowed some countries to buy Iranian oil after the reimposition of U.S. sanctions has prompted Tehran to relax restrictions on its nuclear program and threaten action that could breach a 2015 nuclear deal.
An attack on four oil tankers in the Gulf on Sunday, for which no one has claimed responsibility, and Saudi Arabia's announcement that armed drones hit two of its oil pumping stations have compounded supply-side fears.
(Additional reporting by Aaron Sheldrick Editing by Jason Neely and David Goodman)