Oil steady on signs of Mideast tensions easing


Brent futures fell 5 cents to US$82.47 a barrel, below their US$84.58 Oct. 6 settlement the day before Hamas attacked Israel. US West Texas Intermediate (WTI) crude held steady at US$78.26.

NEW YORK: Oil prices were little-changed on Tuesday, paring early gains on signs tensions in the Middle East could be easing and uncertainty about US oil inventories.

US President Joe Biden said he was holding daily discussions to secure the release of hostages held by the Hamas militant group and believes it will happen.

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