Oil prices gained 1.5% this week as U.S. crude inventories fell by 4.1 million barrels, more than anticipated, to 432.4 million barrels according to the U.S. Energy Information Administration.
On Thursday Oil prices continued to steady but remain under pressure from rising U.S. output and uncertainty over the outlook for supply before a meeting next week of the world's largest exporters.
The Organization of the Petroleum Exporting Countries meet on June 22-23 in Vienna to discuss production cuts.
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