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Oil prices steadied on Thursday as a bullish report from the International Energy Agency (IEA) agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. IEA, which coordinates energy policy for industrial nations, raised its projection for global oil demand growth in 2015 by 280,000 barrels per day (bpd) to 1.40 million bpd, bringing demand this year to almost 94 million bpd. The agency said "unexpectedly strong global oil demand growth" had been supporting oil prices and raised its estimate for world demand for crude from OPEC this year. But the market response was cautious after a downbeat assessment by the World Bank, which predicted the global economy would expand 2.8 percent this year.

Singapore: Avails are fair. The earliest dates for deliveries were from June 16th onwards.

Fujairah: Avails are fine. Earliest deliveries were possible from June 13th onwards, depending on supplier barge schedules.

Istanbul: Avails are fine. Earliest deliveries were possible from June 12th onwards, depending on supplier barge schedules.