Oil stable as OPEC cuts counter rising U.S. supplies

Oil markets were stable on Thursday as rising U.S. crude production and inventories were countered by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month. Brent crude futures LCOc1, the international benchmark for oil prices, were at $61.98 per b...

Oil stable as OPEC cuts counter rising U.S. supplies