LONDON: Oil futures steadied on Friday after data showed a fall in crude and fuel inventories in the US and the emergence of more fiscal stimulus to boost China’s economy, though prices were headed for their biggest weekly loss in more than a month.
Brent crude futures gained 23 cents, or 0.3 percent, to $74.68 a barrel by 11:40 a.m. Saudi time, while US West Texas Intermediate crude was at $70.96 a barrel, up 29 cents, or 0.4 percent.