(Reuters) - Oil steadied at around $70 a barrel on Thursday, with traders catching their breath after a $1 spike on unexpectedly flat gasoline stocks and a deepening deficit in heating fuel supplies.
London Brent crude for July, which expires later in the day, rose 15 cents to $70.09 a barrel by 0745 GMT, adding to Wednesday's $1.15 rally after data showed gasoline stocks stuck at unseasonally low levels with the driving season getting into full swing.
Read more at Reuters Africa
London Brent crude for July, which expires later in the day, rose 15 cents to $70.09 a barrel by 0745 GMT, adding to Wednesday's $1.15 rally after data showed gasoline stocks stuck at unseasonally low levels with the driving season getting into full swing.
Read more at Reuters Africa
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