Oil steadies amid fall in U.S. inventories, weak economic data - Reuters:
Oil steadied on Wednesday, following several days of declines, after industry data showed a surprise drop in U.S. crude inventories, although gains were capped as weak economic readings in the United States depressed global markets.
Brent crude futures, an international benchmark for oil prices, were up 20 cents to $59.09 a barrel at 1153 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 40 cents to $54.02 a barrel.
Front-month WTI prices settled down for a sixth straight session on Tuesday, their longest losing streak this year, after U.S. manufacturing activity dropped to a 10-year low as U.S.-China trade tensions weighed on exports.
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