• Oil held a drop as a big jump in US crude inventories added to concerns about weakening demand.
• Brent for July traded near $84 a barrel after sliding more than 3% in the prior session, while West Texas Intermediate traded around $79. US crude stockpiles jumped 7.3 million barrels last week, the most since early February, according to data released by the Energy Information Administration.
• Oil has lost more than 5% this week after last month soaring to the highest since October following Iran’s unprecedented attack on Israel. The declines follow signs of easing tensions in the Middle East — including the prospect of a historic pact between Washington and Riyadh that could reshape the region — and concerns over demand in fuel markets at the onset of the key US summer driving season.