<ul data-eligibleForWebStory="false"><li>Oil prices remained steady as investors considered a rise in U.S. crude stocks, attacks on shipping in the Red Sea, and lower U.S. oil production forecasts.</li><li>Brent crude futures closed at $70.19, while U.S. West Texas Intermediate crude settled at $68.38 a barrel.</li><li>The Energy Information Administration reported a surprising increase in U.S. crude stocks last week, contrary to expectations.</li><li>Despite the stock build, oil prices were supported by an EIA forecast of reduced U.S. oil production in 2025 due to declining prices and slowing activity by U.S. producers.</li></ul>

Oil Steady Amid Crude Stock Build

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