Futures Movers: Oil prices hold steady as investors watch U.S. supply

Crude futures were little changed on Thursday, pausing after the market’s latest gains.

Up strongly in Asia Wednesday, the advance cooled by the end of U.S. trading as continued growth in oil output there underpinned the views that U.S. producers remain resilient amid low prices.

While U.S. oil inventories logged their 11th decline in 13 weeks and the largest since September amid lower imports from Saudi Arabia and strong exports, daily average output was 9.4 million barrels, the highest figure for a week in two years.

Prices “are likely to remain at the lower end of the recent trading range until U.S.

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