Oil prices stabilized after a report showed an increase in U.S. crude inventories, indicating the approaching end of the summer seasonal demand period.
Brent crude futures rose three cents to $66.15 per barrel after falling 0.8 percent in the previous session. U.S. West Texas Intermediate (WTI) crude futures fell three cents to $63.14 after dropping 1.2 percent.
Figures from the American Petroleum Institute showed that U.S. crude oil inventories — in the world’s largest crude consumer — increased by 1.52 million barrels last week.
Source (Al Arabiya.Net Website, Edited)
