Oil Stabilizes after Overnight Skid on U.S. Inventories
By Biman Mukherji
--Oil prices stabilized in Asian trading on Thursday after sliding Wednesday on higher U.S. oil and gasoline stockpiles and fresh dollar gains.
--April light, sweet crude on the New York Mercantile Exchange was recently up 6 cents at $61.70 a barrel in the Globex trading session. May Brent fell 4 cents to $64.69.
--With U.S. oil output at record highs, Friday's rig-count data from Baker Hughes is liable to remain strong as well.
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(END) Dow Jones Newswires
February 28, 2018 23:36 ET (04:36 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.