Oil prices steady despite U.S. crude inventory build, Brent near $70/b

New York/London — Oil prices were little changed on Wednesday even after U.S. government data showed a surprise increase in crude inventories, as OPEC-led output cuts and U.S. sanctions kept the supply outlook tight enough to hold futures near five-month highs. Brent futures were unchanged at $69.37 a barrel by 11:00 a.m. EST (1500 GMT). […] More »