LONDON—Oil prices were stable on Wednesday as the market juggled fears of tight supply with concerns over fuel demand and global economic growth, ahead of an expected big hike in interest rates by the U.S. Federal Reserve.
Brent crude futures for August were down 28 cents, or 0.2 percent, at $120.89 a barrel as of 1225 GMT, having fallen as low as $119.40/bbl earlier in the session.
