London — Oil prices were broadly steady on Wednesday as data suggesting a smaller-than-expected fall in US crude inventories countered support from hopes for a US-China trade deal.

Brent crude futures were down 18c at $61.96 a barrel by 8.39am GMT. US West Texas Intermediate (WTI) crude fell 5c to $53.85 a barrel. On Tuesday, it had recorded its biggest daily rise since early January.

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