Oil prices held steady on Tuesday after the previous day’s rally, driven by a halt in production at Norway’s Johan Sverdrup oilfield, and as investors remained cautious amid fears of an escalation in the Russia-Ukraine war.
Brent crude futures for January delivery fell 2 cents to $73.28 a barrel by 0730 GMT, while US West Texas Intermediate crude futures for December delivery were at $69.13 a barrel, down 3 cents.
