Oil stabilizes in apathetic trading with supply prospects in focus
An oil pumping jack at an oil field in Kansas, USA. Photographer: Angus Mordant/Bloomberg (Bloomberg)– Oil extended a streak of lackluster trading as investors assessed mixed U.S. inventory data and a persistent outlook for oversupply. West Texas Intermediate was near $61, with prices hovering in a band around $2 since early last week. Stocks traded…