Oil Updates — Crude steady; Chevron raises 2023 project spending budget to $17bn

RIYADH: Oil prices steadied in early Asian trade on Thursday after sinking to their lowest level this year as US production and gasoline inventories ticked up at the same time concerns grew that economic slowdowns would weaken fuel demand.

Brent crude futures were up 67 cents or 0.87 percent at $77.84 per barrel by 08.10 a.m. Saudi time, while US West Texas Intermediate crude futures gained 73 cents or 1.01 percent to $72.74 per barrel.