Brent crude settled down 6 cents, or 0.07%, at US$82.25 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 11 cents, or 0.14%, at $78.39.(File pic shows oil storage tankes at Cushing, Oklahoma)
NEW YORK: Oil prices were largely steady on Wednesday as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to how producers will respond.
Brent crude settled down 6 cents, or 0.07%, at US$82.25 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 11 cents, or 0.14%, at $78.39.
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