18
Oct
Oil prices stablised after losing about 6% in the global commodity market this week due to uncertainties that clouded the supply and demand of crude complex. Brent crude and WTI are both flat at $74.45 and $70.70 a barrel, respectively, after settling higher in the previous session following an unexpected weekly draw in U.S. crude stocks. Crude oil prices ended higher for the first time in four sessions yesterday, as US oil inventories fell more than anticipated while Middle East tensions linger. US commercial crude oil inventories fell by 2.2 million barrels over the last week, in contrast to the…