Oil prices steady, awaiting confirmation of surprise U.S. inventory build – ZAWYA

Oil prices steady, awaiting confirmation of surprise U.S. inventory build – ZAWYA

Oil prices steady, awaiting confirmation of surprise U.S. inventory build. After tumbling on Wednesday, Brent crude futures were down 0.06%, or 2 cents, at $34.72 a barrel at 1311 GMT after dropping by more than $1 to $33.62 in early trade.. West Texas Intermediate (WTI) crude futures were down 0.3%, or 10 cents, at $32.71.. Data from industry group API showed U.S. crude stocks rose 8.7 million barrels in the week to May 22, against analyst expectations for a 1.9 million-barrel draw..