NEW YORK: Oil prices steadied on Thursday, boosted by a rebound in U.S. equities, after earlier losses on fears about surging U.S. crude production and a weakening global economy.
Brent crude oil futures were down 14 cents to 61.19 a barrel by 2:04 p.m. EST (1904 GMT). U.S. crude futures fell 32 cents to $52 a barrel. Earlier in the session, both benchmarks dropped about 2 percent.
Source: The Star