Oil Steady as Fuel Stocks Counter Supply Concerns

Oil Steady as Fuel Stocks Counter Supply Concerns
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, on Jan. 21, 2019. Agustin Marcarian/Reuters
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LONDON—Oil prices were largely steady in volatile trading on Thursday as the market weighed concerns over global supply against a build in U.S. fuel product inventories.

Brent crude futures for September, the more actively traded contract, were up 28 cents, or 0.3 percent, at $112.73 a barrel by 0911 GMT. The August contract, which expires on Thursday, was down 11 cents, or 0.1 percent, at $116.15.