Crude oil futures were stable to marginally higher during mid-morning trade in Asia on Wednesday.
However, a build was reported in US crude inventory to keep a downward pressure on prices.
At 10:48 am Singapore time (0248 GMT), the December ICE Brent crude futures moved 16 cents/b (0.21%) higher from Tuesday's settle at $76.60/b, while NYMEX December light sweet crude contract ticked up 2 cents/b (0.03%) at $68.45/b, SP Global reported.
Oil prices lost close to $3/b during Tuesday's trading session after comments from Saudi Arabia on increasing production helped to ease supply concerns in the market.
Earlier Tuesday, Saudi Arabia's energy minister, Khalid al-Falih, said OPEC and its allies were in a "produce as much as you can mode", according to media reports.
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