Oil steady on lower U.S. crude stocks


Singapore, July 20 (BNA): Oil prices were little changed Thursday, as a lower-than-expected drop in US crude inventories and the prospect of a weaker demand outlook kept investors wary.

September Brent crude futures rose 6 cents, or 0.1%, to $79.52 a barrel by 0645 GMT, while US West Texas Intermediate crude for August rose 5 cents, or 0.1%, to $75.40 a barrel, Reuters reported.

The August WTI contract expires on Thursday. West Texas Intermediate crude for September rose 6 cents, or 0.1%, to $75.35.

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