India, March 13 -- Oil prices held steady on Thursday after a surge in the previous session on data showing a larger-than-expected draw in U.S. gasoline stocks.
Benchmark Brent crude futures edged up by 0.1 percent to $71.04 a barrel in European trade. WTI crude futures were little changed at $67.72 after the biggest gain in two weeks.
Oil prices were benefiting from the risk-on sentiment across markets after U.S. consumer inflation came in lower than forecast by economists, bolstering the case for more Federal Reserve interest-rate cuts this year.
Markets also weighed tight U.S. fuel supplies against global economic risks. Data from the Energy Information Administration (EIA) showed crude oil inventories in the U.S. increased 1.4 millio...