West TX Oil at 103.60 as Inventories Fall

U.S. crude was little changed near $103 a barrel in early Asian trading on Thursday, holding on to previous day gains due to a higher-than-expected decline in crude inventories.

Geopolitical tensions in Eastern Europe and the Middle East helped underpin oil prices, but had yet to cause disruptions to well-supplied global crude markets.

U.S. crude for September delivery was 2 cents lower at $103.10 by 0034 GMT, after settling 73 cents higher on Wednesday.  Brent crude for September delivery traded up 9 cents at $108.12 a barrel. The contract had closed 70 cents higher.


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