Oil Stable as Market Weighs Tight Supply Against US Recession Risk

Oil Stable as Market Weighs Tight Supply Against US Recession Risk
An oil pump of IPC Petroleum France is seen at sunset outside Soudron, near Reims, France, on Aug. 24, 2022. Pascal Rossignol/Reuters
Reuters
Updated:

LONDON—Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world’s largest oil consumer.

Brent crude fell 7 cents, or 0.08 percent, to $87.26 a barrel by 0935 GMT. U.S. West Texas Intermediate (WTI) was unchanged at $83.26.