NEW YORK: Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.
Brent crude futures fell 17 cents to $74.34 a barrel by 11:00 a.m. EDT (1500 GMT). The international benchmark reached $74.73 a barrel on Tuesday, highest since Nov. 1.
