Oil steadies as Saudi tensions balance demand outlook | Reuters:
Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist, which has stoked worries about supplies from the world’s top crude exporter, but weighed by a falling equities market and concern over long-term demand outlook.
Brent crude futures rose 33 cents to $80.76 a barrel by 11:26 a.m. EDT (1526 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 27 cents to $71.61 a barrel.
Last week, both contracts fell by more than 4 percent as U.S. stock markets tumbled.
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