Relative Stability of Oil Prices
Oil prices showed slight fluctuations in early Asian trading as concerns about potential supply disruptions eased.
Brent crude dropped by three cents, or 0.05%, to $63.73 a barrel, while West Texas Intermediate rose by four cents, or 0.07%, to $59.22 a barrel.
This comes as oil prices faced pressure following a report from the U.S. Energy Information Administration this week, which revealed that crude oil and gasoline inventories surpassed analysts’ estimates significantly.
