Oil stable as U.S. crude inventories fall despite rising production
Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply cut continued to tighten the market.
Brent futures (LCOc1), the international benchmark for oil prices, were at $60.56 per barrel at 0417 GMT, up 7 cents or 0.1 percent from their last close. Brent has risen more than 35 percent since its 2017-lows last June.
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