Oil steadied around $62 a barrel on Thursday, pressured by expectations of milder weather in top consumer the United States and ample fuel stockpiles, Reuters reported. U.S. crude CLc1 was down 1 cent $62.18 by 1815 GMT. Prices are down from an all-time peak of $78.40 hit in July. London Brent crude LCOc1 lost 51 cents at $62.56. Putting a lid on prices was the knowledge that crude oil inventories in the United States, the world's largest oil consumer, are at their highest for the time of year since 1993. Prices also are restrained by expectations that a recent cold snap in the U.S. Northeast, the world's biggest heating oil market, will relent by the weekend.
