Oil steadies as US crude drawdown faces Covid-19 surge
NEW YORK: Oil NSE -2.01 % prices were little changed on Wednesday after four straight days of declines, helped by a bigger-than-expected drawdown in US crude inventories, though investors remain worried about the outlook for fuel demand due to a global surge in Covid-19 cases.
Brent crude was down 3 cents to $69 a barrel by 10:42 a.m. EDT (1442 GMT). US WTI crude oil lost 21 cents to $66.38 a barrel.
