Investing.com – Oil tried to steady Thursday after falling sharply to April lows on supply concerns.
U.S. crude was off 3 cents, or 0.07%, at $41.89 at 06:45 ET, while Brent crude shed 0.25% to $43.80.
Concerns of a surplus of crude and refined products stocks continue to weigh.
Oil fell sharply Wednesday after the latest weekly Energy Information Administration (EIA) stockpile data.
The EIA said crude inventories rose by 1.7 million barrels in the latest week.
Expectations were for a fall in crude stocks of some 2.3 million barrels.
The dollar index was lower. A weaker dollar supports demand for oil.