Crude Oil Prices Steady

Crude oil prices were steady on Thursday, as one OPEC minister raised the prospect of another output increase and U.S. data showed rising inventories and weak demand.

U.S. crude for November gained 9 cents to $87.49 a barrel by 1:42 a.m. EDT. Oil touched its fourth consecutive intraday record high on Wednesday, but ended 21 cents lower on the day as traders took profits from a six-day rally that lifted prices 11 percent.

London Brent crude for December shed 14 cents to $82.99 a barrel.