Oil Prices Steady On Falling U.S. Crude Stocks, Iran Sanctions

Oil prices held steady on Wednesday, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran.

Front-month U.S. West Texas Intermediate (WTI) crude futures were at $69.28 per barrel at 0408 GMT, up 11 cents from their last settlement.

Brent crude oil futures were at $74.61 per barrel, down 4 cents from their last close.

Both futures contracts have risen during the previous two sessions.

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Suhani Verma

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