London Brent crude was down 12 cents at $126.98 a barrel.
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Oil Prices Revived on Gasoline Stocks Drop
Oil prices steadied on Thursday, after U.S. government data on Wednesday showed an unexpected drop in gasoline stocks
Oil prices steadied on Thursday, after U.S. government data on Wednesday showed an unexpected drop in gasoline stocks.
The rebound on Wednesday came after oil prices pulled back sharply since hitting an all-time peak above $147 on July 11, on concerns over falling demand, especially in the United States, the world's largest oil consumer.
U.S. light crude for September was unchanged at $126.77 a barrel by 0234 GMT, after jumping $4.58 on Wednesday.
London Brent crude was down 12 cents at $126.98 a barrel.
London Brent crude was down 12 cents at $126.98 a barrel.
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