Oil tries to regain footing as Middle East crisis, OPEC supply in focus | Reuters
Oil prices steadied on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply.
Brent crude futures rose 17 cents, or 0.2%, to $76.29 a barrel at 0707 GMT, while U.S. West Texas Intermediate crude futures inched up 0.1%, or 5 cents, to $70.82 a barrel.
The benchmarks had fallen over 3% and 4% respectively on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output.
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