Oil prices steady as investors weigh impact of expanded US sanctions against Iran
Oil prices steadied on Tuesday, after falling more than 2% in the previous session, as investors assessed the impact of harsher US secondary sanctions against Iran. Brent crude futures were down 9 cents, or 0.1%, at $92.16 by 0104 GMT, while US West Texas Intermediate crude was up 1 cent at $85.02 a barrel. Both contracts fell more than 2% on Monday with US crude oil falling to a one-week low on profit taking after prices rallied over the previous two weeks.