Oil Updates — Crude steady; Oil theft caused $2bn loss to Nigeria from January to August
RIYADH: Oil prices were steady on Wednesday as concerns about lower fuel demand from China amid tightening COVID-19 curbs offset data showing a larger-than-expected US crude draw last week.
Brent crude futures dropped 15 cents, or 0.2 percent, to $88.21 a barrel at 0508 GMT, while US West Texas Intermediate crude futures lost 9 cents, or 0.1 percent, to $80.86 a barrel.
Both benchmark contracts…