Oil price steadies as US seen unlikely to sanction Russian exports

Brent crude LCOc1remained unchanged, settling at US$96.84 a barrel, after hitting $99.50, its highest since September 2014 on Tuesday. U.S. West Texas Intermediate (WTI) crude CLc1 futures ended up 19 cents to $92.10 a barrel. On Tuesday, WTI hit $96.

NEW YORK: Oil prices steadied on Wednesday, holding below 2014 highs, as U.S. officials indicated escalation between Russia and Ukraine was unlikely to result in sanctions on energy supplies from Russia, one of the world's top oil producers.

Brent crude LCOc1remained unchanged, settling at US$96.84 a barrel, after hitting $99.50, its highest since September 2014 on Tuesday.