(Reuters) – Oil prices were stable on Thursday as a fall in U.S. crude inventories was countered by soaring output and a rise in fuel stocks.
U.S. West Texas Intermediate (WTI) crude futures were at $55.95 a barrel at 0658 GMT, virtually unchanged from their last settlement.
Brent crude futures LCOc1, the international benchmark for oil prices, were at $61.29 a barrel, up 7 cents.
U.S. crude oil inventories fell by 5.6 million barrels in the week to Dec. 1, to 448.1 million barrels C-STK-T-EIA, putting stocks below seasonal levels in 2015 and 2016. [API/S] [EIA/S]