Oil Prices Stable as Rising US Crude Stocks Balance Supply Concerns

Oil Prices Stable as Rising US Crude Stocks Balance Supply Concerns
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Okla., on March 24, 2016. Nick Oxford/Reuters
Reuters
Updated:

LONDON—Oil prices were broadly stable on Wednesday, moving in and out of negative territory after industry data showed U.S. crude stockpiles rose more than expected last week, though supply concerns and a weaker dollar gave support.

Brent crude futures for December were up 12 cents, or 0.1 percent, at $93.64 a barrel by 1045 GMT. U.S. West Texas Intermediate (WTI) crude futures for December were up 37 cents, or 0.4 percent, at $85.69 a barrel.