NEW YORK: Oil prices steadied on Thursday after hitting a seven-week high in the previous session as Russia moved to restrict fuel exports until the end of the year, but the gains were limited by new US economic data that tempered optimism around further interest rate cuts.
Brent futures settled 11 cents, or 0.16%, higher at US$69.42 a barrel while US West Texas Intermediate futures lost 1 cent, or 0.02%, to US$64.98.
