Doha: Oil prices were flat on Thursday, cooling from the previous session as weak demand in the United States and broad oversupply risks. Brent crude futures were up 1 cent, or 0.01%, at $67.50 a barrel, and US West Texas Intermediate crude futures added 2 cents, or 0.03%, to $63.69.

According to Qatar News Agency, the stability in oil prices comes as market focus in recent weeks has shifted to supply-demand balances in the energy market, amid an unexpected increase in US oil inventories, a decline in producer prices, and signs of weakness in the US labor market, reflecting a slowdown in economic performance.

Analysts are now expecting the US Federal Reserve to cut interest rates next week at its mid-September policy meeting.