Oil prices steadied on Tuesday after surging more than 5 per cent the previous day, pulled back by US president Donald Trump’s claim that he had brokered a halt to Israeli military action in Lebanon and that US-Iran negotiations were still on track.
Brent crude slipped 0.6 per cent to $94.45 a barrel, retracing some of Monday’s gains. West Texas Intermediate, the US crude benchmark, traded near $90.60 a barrel during Asian trading.
