Crude oil trading was stable as the market awaited the decision of OPEC + which resumed their talks today.
The US WTI traded slightly lower at $ 45.10 a barrel, while Brent crude traded steady at $ 48.10 a barrel.
The two benchmarks previously garnered strength from news of the UK-approved Covid-19 vaccine, which recorded a gain of 1.6% and 1.8% on Wednesday, respectively.
However, due to another unfavorable reading of US crude oil supply data, prices are back under pressure.
The Energy Information Administration (EIA) reported a decline of 679,000 barrels in U.S. crude oil inventories last week, missing expectations for a 2.4 million barrel reduction.
Meanwhile, petrol and distillery inventories increased sharply as oil refineries slowed production amid weak demand, according to the EIA.
The market is currently awaiting OPEC +'s decision on whether the group will maintain its production reduction commitment of 7.7 million barrels until the first quarter of next year.
