Oil Prices Stabilize, Brent Higher Than $ 58 A barrel

Dubai – (Massader News)

Oil prices stabilized Thursday, and Brent crude recorded $ 58.17 a barrel, with US inventories falling last week, according to a report published by Mubasher.

The price of NYMEX crude futures settled at $ 52.03 a barrel.

Data from the US Energy Information Administration revealed yesterday that oil stocks fell last week, more than expected by 5.7 million barrels to 456.5 million barrels.

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