Oil steadies as demand concerns counter OPEC cuts - Reuters:
Oil prices were steady on Tuesday, weighed by concerns about a global economic slowdown that could dent crude demand, but supported by expectations that OPEC and its allies will extend their supply curbs.
Brent crude futures settled unchanged at $62.29 a barrel, while U.S. West Texas Intermediate (WTI) crude futures edged up 1 cent to end at $53.27 a barrel.
Prices fell after U.S. crude stockpiles unexpectedly rose by 4.9 million barrels in the week to June 7 to 482.8 million, industry group the American Petroleum Institute said on Tuesday.
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