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Oil prices stable as market weighs fuel stocks build amid supply concerns

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HOUSTON : Oil prices were little changed on Thursday as markets weighed a rise in U.S. gasoline and distillate inventories and worries about slower economic growth amid concerns of supply tightness.Brent crude futures for August dropped 25 cents, or 0.2 per cent, to $116.01 a barrel in light trading as th

HOUSTON : Oil prices were little changed on Thursday as markets weighed a rise in U.S. gasoline and distillate inventories and worries about slower economic growth amid concerns of supply tightness.

Fuel stocks rose as refiners ramped up activity, operating at 95 per cent of capacity, the highest for this time of year in four years.

 

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