LONDON – Oil steadied below US$76 a barrel yesterday after two days of losses, as investors awaited weekly US inventory data expected to show refineries running harder to churn out more gasoline.
London Brent crude, seen as a better gauge of global markets than US oil, rose 15 cents to US$75,68 a barrel, after falling 76 cents the previous day. It hit a US$78,40 peak on Monday, near a record high last August.It hit a US$78,40 peak on Monday, near a record high last August.
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