Oil steadies as frail demand outlook offsets U.S. stock fall | Reuters:
Oil prices steadied on Thursday, as the bullish impact of a fall in U.S. inventories was offset by a stronger dollar and a renewed wave of coronavirus cases in Europe that led several countries to reimpose travel restrictions.
Brent crude LCOc1 futures rose 8 cents, or 0.2%, to $41.85 a barrel by 1408 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 17 cents, or 0.4%, to $40.1 per barrel.
Both benchmarks traded lower earlier in the session.
On Wednesday, prices climbed slightly after government data showed U.S. oil inventories fell last week.
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