Oil Near Flat, Brent Up Modestly After Two-Day Drop

"We're bottoming out and should see an end to this drop in the coming weeks," said Matt Smith, director of commodity research at New York-based Clipper Data, referring to the rig count.

(Additional reporting by Claire Milhench in London and Keith Wallis in Singapore; Editing by Marguerita Choy, Bernadette Baum and Steve Orlofsky)

Copyright 2015 Thomson Reuters.


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