SINGAPORE – Oil prices traded flat on Thursday as investors eye developments in the Middle East and more details on China’s stimulus plans, and await the release of official U.S. oil inventory data.
Brent crude futures was down 4 cents to $74.18 a barrel by 0648 GMT, while U.S. West Texas Intermediate crude futures were at $70.37 a barrel, down 2 cents.
Both benchmarks settled down on Wednesday, closing at their lowest levels since Oct. 2 for a second day in a row.
