13-10-2016 18:38 via uk.news.yahoo.com

Oil prices steady; product draws offset U.S. crude build

By Barani Krishnan NEW YORK (Reuters) - Oil prices steadied on Thursday, as a U.S. government report of larger-than-expected draws in diesel and gasoline helped prices rebound from losses incurred when data showed the first crude inventory build in six weeks was much larger than expected. Crude prices fell when the Energy Information Administration (EIA) said U.S. crude stocks swelled 4.9 million barrels in the week ended Oct. 7, much more than the 700,000 barrels forecast by analysts polled by
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