Oil market held steady following the EIA report on US crude inventories

International benchmarks for crude oil settled largely unchanged on Wednesday, 25 January 2023 after a report from the EIA showed a smaller than expected build-up in the US commercial crude inventories last week, which eased concerns over the demand destruction due to economic slowdown.

Brent settled at $86.12/barrel, down by a cent from the previous session.

WTI edged 2 cents up to close at $80.15/barrel.