(MENAFN) Oil costs were steady on Friday, with demand doubt set against high worldwide oil production.
International benchmark Brent crude dealt at USD99.74 a barrel at 10.30 AM local time (0730 GMT) for a 0.14percent rise from the closing cost of USD99.60 per barrel in the last trading meeting.
American benchmark West Texas Intermediate (WTI) reached USD94.35 a barrel at the same time for a 0.01percent increase following the last session ended at USD94.34 for each barrel.
Opposite demand predictions from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) guaranteed cost instability.
The OPEC group predictions lower global oil demand on Thursday with a minor revision to demand approximations for this year to average 100.03 million barrels a day (bpd).
For now, the IEA reviewed its worldwide oil demand growth approximations by 380,000 bpd for this year.
On the supply side, OPEC and the IEA confirm that production went up last month.
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