Oil steadies as frail demand outlook tempers US stock drawdown
LONDON: Oil prices steadied on Thursday, as a fall in U.S. inventories last week was tempered by a stronger dollar and a renewed wave of COVID-19 cases in Europe that led several countries to reimpose travel restrictions.
Brent crude futures were up 10 cents, or 0.2%, to $41.87 a barrel by 1100 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.2%, to $40.01 per barrel.
