Oil steady as Iraqi exports up, offsetting U.S. inventories drop

07 April 2016, London — Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was offset by an increase in exports from Iraq, underlining global oversupply. Brent futures were at $39.89 at 0757 GMT, up 5 cents from the last close and about 8 percent […] More »