Oil prices witnessed stability in early Asian trading, today, Thursday, while investors assess concerns about demand amid a slowdown in the global economy, in exchange for an expected decline in supplies due to Saudi production cuts.

By 01:10 GMT, Brent crude futures fell one cent to $76.94 a barrel, while West Texas Intermediate crude futures rose five cents to $72.58 a barrel.

The two benchmarks recorded an increase of about 1% at settlement, yesterday, Wednesday, supported by Saudi Arabia’s plans to make large production cuts, but price gains remained limited due to high US fuel inventories and weak Chinese export data./ End

Source: National Iraqi News Agency