LONDON—Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows in the previous session.
Brent crude futures inched up 36 cents, or 0.37 percent to $97.14 a barrel by 0925 GMT, while West Texas Intermediate (WTI) crude futures were up 43 cents, a 0.47 percent gain, at $91.09.
Both benchmarks fell to on Wednesday to their weakest levels since before Russia’s Feb. 24 invasion of [Ukraine], that Moscow calls “a special operation.”
The move followed an unexpected surge in U.S. crude inventories last week. Gasoline stocks, the proxy for demand, also showed a surprise build as demand slowed, the Energy Information Administration said….