Ammon News - Oil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand.
Brent crude futures
were up 22 cents, or 0.3%, at $74.87 a barrel by 0033 GMT. U.S. West Texas Intermediate crude
were at $70.06, up 27 cents, or 0.3%.
U.S. markets will be closed on Tuesday for the nation’s Independence Day holiday. The oil benchmarks had settled down about 1% in the previous session.
CNBC
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