Oil Steadies After Spiking on US Inventory Fall

Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken on June 6, 2023. Dado Ruvic/Reuters

LONDON—Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth.

Brent crude futures was up 10 cents, or 0.1 percent, to $74.13 a barrel by 1032 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 11 cents, or 0.2 percent, to $69.67 a barrel.