Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains.
Brent crude, the global benchmark, was up 19 cents at $71.37 a barrel around 12:35 p.m. ET (1635 GMT). Brent hit a five-month high at $71.87 on Friday.
U.S. West Texas Intermediate crude gained 29 cents, or half a percent, to $63.69. WTI was trading about a dollar below last week’s high going back to Nov. 1. Read More
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