Oil price stable as supply problems in Libya offset modest US stock decline
By Arunima Kumar (Reuters) – Oil prices steadied on Thursday after two sessions of losses as concerns over Libyan supplies helped offset a smaller-than-expected draw in U.S. crude inventories that dampened demand expectations. Brent crude futures rose 29 cents, or…
Oil price stable as smaller than expected decline in US inventories offsets supply bottlenecks in Libya
Crude oil storage tanks are seen at the Azzawiya oil refinery in Zawiyah, west of Tripoli, Libya, July 23, 2020. Ismail Zitouny | Reuters Oil prices remained broadly stable on Thursday as a smaller-than-expected draw in U.S. crude inventories and…
