Oil steadies after Trump presses OPEC to offset Iran sanctions - Reuters:
Oil prices steadied on Monday, after a weeks-long rally was halted on Friday when the market tumbled after U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
Brent crude futures rose 5 cents, or 0.1 percent, to $72.207 a barrel by 10:49 a.m. ET (1449 GMT). U.S. West Texas Intermediate (WTI) crude futures lost 20 cents, or 0.3 percent, to $63.10.
Both benchmarks fell by about 3 percent on Friday after Trump told reporters that he had called OPEC and told the cartel to lower oil prices, without identifying who he spoke to, or if he was speaking about previous discussions with OPEC officials.
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