Oil Prices Stable at $88

Oil prices are hovering around $88 on Wednesday awaiting for the increase in the U.S. inventories.

U.S. light crude for March delivery CLc1 rose 24 cents to $88.65 a barrel by 1205 GMT, after tumbling nearly 2 percent the previous session.

London Brent crude LCOc1 climbed 33 cents to $89.15.