01-09-2016 10:48 via uk.news.yahoo.com

Oil steadies as Saudi sees OPEC "common position"

By Christopher Johnson LONDON (Reuters) - Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil production that some investors think could support prices. Brent crude futures for November were unchanged at $46.89 a barrel by 0825 GMT after settling $1.84 lower at Wednesday's close. U.S. crude futures were up 5 cents to $44.75 a barrel, after falling $1.65 in the previous session.
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