Oil Holds Firm on OPEC Demand Forecast and US Fuel Stocks

Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken on June 6, 2023. Dado Ruvic/Reuters

LONDON—Oil prices were little changed on Wednesday, holding on to Tuesday’s gains on a robust demand growth forecast from OPEC and a sharp decline in U.S. fuel stocks.

Brent crude futures rose 6 cents, or 0.07 percent, to $82.83 a barrel by 0953 GMT. U.S. West Texas Intermediate (WTI) crude futures were flat at $77.87.