Oil prices steady, set for weekly gain
Oil prices were steady today, with crude benchmarks poised for multi-week gains amid a sharp drawdown in U.S. crude inventories, while trade tensions eased after Washington and Beijing agreed to hold high-level talks next month.
Brent crude was up 6 cents at $61.01 a barrel by 0339 GMT, while U.S. West Texas Intermediate (WTI) crude was up 5 cents at $56.35 a barrel.
Both contracts spent the Asian trading session ticking either slightly higher or lower. Brent is set to mark its fourth weekly gain, while U.S. crude is headed for a second weekly rise, Reuters reported.