Oil steady as rise in U.S. inventory slows upswing

29 December 2016, London — Oil prices steadied on Thursday after a surprise increase in U.S. inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year. U.S. light crude was down 5 cents at $54.01 by 1320 GMT (8:20 a.m.), while North Sea Brent crude […] More »