Washington _ Agencies
The oil was stabilized Thursday, as the support due to continuing tensions over the disappearance of a prominent Saudi journalist was offset by a sharp retreat during the night of Wednesday, due to a leap in US crude stocks.
The US crude western Texas broker delivered October October high one cent to 69.76 dollars a barrel, after dropping 3% at the previous session, to determine the settlement price below seventy dollars for the first time in a month.
The most recent Brent crude benefit in London was delivered December five cents, or 0.1 percent to $80 a barrel, after a 1.7 percent drop was closed.
The US Energy Information Department said on Wednesday that US crude stocks had increased 6.5 million barrels last week, a weekly increase of four in a row and nearly three times the analysts ´ expectations.
Stocks increased strongly even as US crude production dropped 300,000 barrels a day to 10.9 million barrels a day last week, due to the temporary closure of offshore facilities during Hurricane Michael´s passage.
