Oil Steady After Tanking in Previous Session

Oil Steady After Tanking in Previous Session
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia, on Oct. 12, 2019. Maxim Shemetov/Reuters
Reuters
Updated:
0:00

LONDON—Oil prices were broadly steady on Thursday after the previous session’s big losses, as an uncertain demand outlook held off any boost from an OPEC+ panel maintaining oil output cuts to keep a tight supply.

Brent crude oil futures rose slightly by 18 cents to $85.99 a barrel at 0818 GMT, while U.S. West Texas Intermediate crude also crawled up 18 cents to $84.40.