Brent stable after hefty losses as Iran sanctions return to focus | Reuters:
Brent crude prices stabilized on Wednesday after heavy losses the day before, with looming U.S. sanctions against Iran back in focus.
Front-month Brent crude oil futures LCOc1 were at $76.52 a barrel at 0658 GMT, up 1 cent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were weaker, down 10 cents at $66.33 a barrel, pressured by a report by the American Petroleum Institute (API) that U.S. crude stocks rose by 9.9 million barrels in the week to Oct. 19 to 418.4 million barrels.
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