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Oil steadies as risks to supply prevent sell-off

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil steadied on Tuesday as investors took profit on last week's rally above three-year highs, with prices supported by growing concern over the potential for supply disruptions.Brent crude oil futures were up 11 cents at $71.53 a barrel by 1418 GMT, having come off an earlier high of $71.89, while U.S. crude futures were largely flat at $66.19."The rally upwards was purely on geopolitical risk and if now we haven't had any further stimulus, we're seeing prices slip off a bit," Natixis commodities strategist Joel Hancock said. "If we were going to see a move ...

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First Published: Tue, April 17 2018. 20:01 IST
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