Oil Prices Stabilize After Drop to Near 6-month Low

Oil Prices Stabilize After Drop to Near 6-month Low
A PetroChina worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China, on June 27, 2018. Stringer AT/Reuters
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LONDON—Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows in the previous session.

Brent crude futures inched up 36 cents, or 0.37 percent to $97.14 a barrel by 0925 GMT, while West Texas Intermediate (WTI) crude futures were up 43 cents, a 0.47 percent gain, at $91.09.