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US strikes failed to destroy Iran's nuclear sites, report

says

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Prices settled at multi-week lows in previous session

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Coming up: US EIA data on inventory stockpiles

By Stephanie Kelly

June 25 (Reuters) - Oil prices edged higher on

Wednesday, finding some respite after plummeting in the last two

sessions, as investors assessed the stability of a ceasefire

between Iran and Israel.

Brent crude futures rose 75 cents, or 1.1%, to

$67.89 a barrel. U.S. West Texas Intermediate (WTI) crude

gained 71 cents, or 1.1%, to $65.08.

Brent settled on Tuesday at its lowest since June 10 and WTI

since June 5, both before Israel launched a surprise attack on

key Iranian military and nuclear facilities on June 13.

Prices had rallied to five-month highs after the U.S.

attacked Iran's nuclear facilities over the weekend.

U.S. airstrikes did not destroy Iran's nuclear capability

and only set it back by a few months, according to a preliminary

U.S. intelligence assessment, as a shaky ceasefire brokered by

U.S. President Donald Trump took hold between Iran and Israel.

Earlier on Tuesday, both Iran and Israel signaled that the

air war between the two nations had ended, at least for now,

after Trump publicly scolded them for violating a ceasefire.

As the two countries lifted civilian restrictions after 12

days of war - which the U.S. joined with an attack on Iran's

uranium-enrichment facilities - each sought to claim victory.

Direct U.S. involvement in the war had investors worried

about the Strait of Hormuz, a narrow waterway between Iran and

Oman, through which between 18 million and 19 million barrels

per day (bpd) of crude oil and fuel flow, nearly a fifth of

global consumption.

Investors awaited U.S. government data on domestic crude and

fuel stockpiles due on Wednesday. U.S. crude fell by 4.23

million barrels in the week ended June 20, market sources said,

citing American Petroleum Institute figures on Tuesday.