Oil steady as U.S. gasoline glut offsets Venezuela turmoil
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NEW YORK (Reuters) - Oil prices were steady on Thursday after U.S. data showing record high gasoline inventories and an unexpected big build in crude offset the United States' threat of sanctions on OPEC member Venezuela.Brent crude futures fell 18 cents to $60.96 a barrel by 11:23 a.m. EST (1623 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 24 cents to $52.86 a barrel.U.S. crude inventories sharply rose by 8 million barrels last week, the Energy Information Administration said,..