Oil settles flat on Opec+ output hike, supply glut fears

Brent crude futures settled down 2 cents, or 0.03%, to US$65.45 a barrel. US West Texas Intermediate crude was up 4 cents, or 0.06%, to US$61.73.

HOUSTON: Oil prices steadied on Tuesday as investors weighed a smaller-than-expected increase to Opec+ output in November against signs of a potential supply glut.

Brent crude futures settled down 2 cents, or 0.03%, to US$65.45 a barrel. US West Texas Intermediate crude was up 4 cents, or 0.06%, to US$61.73.