Oil Steadies Ahead of US Inflation Data

An aerial view shows Shibushi National Petroleum Stockpiling Base in Kagoshima prefecture, Japan, on Jan. 18, 2019. Kyodo/via Reuters

LONDON—Oil prices stabilised on Thursday as investor caution dominated ahead of inflation data expected to offer clues on U.S. interest rates.

Brent crude dipped 12 cents to $87.43 a barrel by 0955 GMT while West Texas Intermediate crude (WTI) edged down by 21 cents to $84.19.