Oil Prices Stabilize, but Rise in US Inventories Looms

Oil Prices Stabilize, but Rise in US Inventories Looms
A general view shows the oil refinery of the Lukoil company in Volgograd, Russia, on April 22, 2022. Reuters Photographer/Reuters
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LONDON—Oil prices stabilized on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories.

Brent crude futures rose 25 cents, or 0.3 percent, to $80.85 a barrel by 1004 GMT, compared with about $98 a barrel on the eve of Russia’s invasion of Ukraine a year ago.