Oil steadies after decline in previous session
Easing of Middle East tensions and resumption of Gulf of Mexico production put pressure on prices
Tokyo — Oil prices steadied on Thursday after falling in the previous session when official data showed US stockpiles of products such as gasoline rose sharply last week, suggesting weak demand during the peak driving season.
Brent crude futures were up 13 cents, or 0.2%, at $63.80 a barrel by 2.37am GMT. They fell 1.1% on Wednesday.