U.S. oil prices steady ahead of sanctions on Iran | Reuters

U.S. oil prices steady ahead of sanctions on Iran | Reuters:

U.S. oil prices steadied on Thursday, pulling back from 3-1/2-year highs, but supply remained tight with investors concerned by the prospect of a big fall in crude exports from Iran due to U.S. sanctions.

U.S. light crude CLc1 was 15 cents lower at $72.61 per barrel by 0815 GMT, after hitting $73.06 on Wednesday, its highest since November 2014.

 Benchmark Brent LCOc1 was unchanged at $77.62 a barrel.