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Oil steady after US storage data sends mixed signals

January 12, 2017

Via: CNBC

Oil prices were steady early on Thursday after U.S. crude and refined product stocks sent mixed messages to the market, with ongoing uncertainty over OPEC compliance with planned output reductions also in focus.

U.S. West Texas Intermediate (WTI) crude oil futures were trading at $52.24 a barrel at 0040 GMT, virtually unchanged from their last settlement.

Prices for Brent crude futures, the international benchmark for oil prices, were yet to trade.

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