Oil steady near $70 per barrel

Oil steady near $70 per barrel

London (Agencies): Brent oil held steady near $70 a barrel on Wednesday as record Chinese imports and tighter global supplies eased concerns about a deepening trade spat between the United States and China.


US sanctions on crude exporters Iran and Venezuela as well as supply cuts by OPEC and Russia also supported prices.

Brent crude futures were at $69.78 per barrel by 0902 GMT, down $0.10 or 0.14%.

US crude futures were at $61.47 per barrel, up $0.07 or 0.1%.