Oil stable; markets shrug off China inflation data; eye-fresh drivers

Singapore, Nov. 9 (BNA): Oil prices steadied on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world’s two biggest oil consumers.

Brent crude futures rose 8 cents, or 0.1%, to $79.62 a barrel by 0500 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 6 cents, or 0.1%, at $75.39 a barrel, Reuters reported.


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