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Oil prices stabilise just below two-year highs

Reuters  |  LONDON 

By Christopher JohnsonLONDON (Reuters) - Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by major exporters, but analysts said the market could be vulnerable to a sell-off after several months of gains.Brent crude oil was unchanged at $63.49 a barrel by 1450 GMT. On Tuesday, Brent reached an intra-day high of $64.65, its highest since June 2015.U.S. light crude was 5 cents higher at $56.86, just shy of this week's more than two-year high of $57.69 a barrel.Traders said a rally that has pushed up Brent by more than 40 percent since July may have run its ...

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First Published: Thu, November 09 2017. 22:44 IST