Oil Prices Steady After Large US Crude Inventory Draw

OIL PRICE - LONDON. Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the euro zone.

Brent crude futures inched up 7 cents, or 0.08%, to $86.31 per barrel at 0925 GMT. U.S. West Texas Intermediate crude futures gained 5 cents or 0.06% to $82.86 per barrel.