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Oil prices stable after two-day decline, but rising US output drags

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices stabilised early on Wednesday after posting two days of falls at the start of the week.Support on Wednesday came from a report that U.S. crude inventories are not rising as much as expected during the spring season that is starting, implying healthy demand.U.S. West Texas Intermediate (WTI) crude futures were at $60.86 a barrel at 0033 GMT, up 15 cents, or 0.25 percent, from their previous close.Brent crude futures were at $64.70 per barrel, up 6 cents, or 0.1 percent.U.S. crude inventories rose by 1.2 million barrels in the week to March ...

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First Published: Wed, March 14 2018. 06:53 IST
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