Oil prices stabilized on Thursday and maintained gains after upbeat Chinese trade data, and after U.S. data showed a lower-than-expected increase in crude inventories and a large withdrawal of fuel inventories. However, expectations that interest rate cuts in the United States might be delayed limited gains. Brent crude futures fell 4 cents to $82.92 a barrel. U.S. West Texas Intermediate crude futures fell one cent to $79.12 a barrel after data showed Chinese imports and exports grew more than expected.
Source (Al-Arabiya.net Website, Edited)
