Oil steady as prospect of more supply offsets Middle East conflict worries

 



Oil prices remained stable on Tuesday as the possibility of increased supply entering the market balanced concerns about the escalating Middle East conflict potentially disrupting exports in this crucial region.

Brent crude futures for December rose by 13 cents, or 0.18%, to $71.83 a barrel, while U.S. West Texas Intermediate crude for November climbed 11 cents, or 0.16%, to $68.28 a barrel as of 0050 GMT.

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