Oil prices remained stable on Thursday. Concerns about falling demand erased gains from the previous session

Brent oil futures for the month of November were up 24 cents, or 0.34%, to $70.86 per barrel. U.S. crude futures for October were up 20 cents, or 0.30%, to $67.52 at 0044 GMT. Both contracts rose by more than $1, or more than 2%, in the previous session, as offshore platforms in the Gulf of Mexico were shut down and coastal refining operations were disrupted by Hurricane Francine, which hit southern Louisiana on Wednesday. According to reports, U.S. oil inventories increased in general last week as crude imports increased and exports declined. For ANZ Research in its note published on Thursday, “oil traders are now waiting for the monthly report from the International Energy Agency later this week for any signs of a weakening demand outlook