International oil markets stabilized today as traders gauged indicators of an increase in OPEC+ output against restricting U.S. supply. The U.S. crude inventories declined in a bigger scale than expected, which supported Brent crude at $66.31 a barrel and WTI at $62.63. Further gains were, however, curtailed by the increasing gasoline and distillate stocks. Analysts caution that the demand issue in these slowing economies, especially in China and Europe, may limit the upward prices despite the constrained supply.
The market is also focusing on Washington, where a government shutdown has created uncertainty among the traders, who depend on U.S. economic indicators. Investors are so far walkin…