LONDON—Oil prices stabilized on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories.
Brent crude futures rose 25 cents, or 0.3 percent, to $80.85 a barrel by 1004 GMT, compared with about $98 a barrel on the eve of Russia’s invasion of Ukraine a year ago.
West Texas Intermediate crude futures (WTI) advanced 26 cents, or 0.4 percent, to $74.21 after six sessions of losses.
Lending support to prices, Russia plans to cut oil exports from its western ports by up to 25 percent in March, exceeding its announced production cuts of 500,000 barrels per day….