Oil holds steady as coronavirus concerns weigh on demand
Oil prices were little changed on Thursday, restrained by concerns that surging coronavirus infections could jeopardize a recovery in fuel demand just as major oil producers are set to raise output.
The most active Brent crude contract for October was up 4 cents or 0.1 percent at $44.13 a barrel at 0330 GMT. The September Brent contract, which is expiring on Friday, was unchanged at $43.75 a barrel in light trading.
US West Texas Intermediate (WTI) crude futures were down one cent at $41.26 a barrel.
Both benchmark contracts rose on Wednesday after the US Energy Information Administration (EIA) reported the largest one-week fall in crude stocks since December.
