Oil Steadies After Early Decline as More Rate Hikes Loom

Model of Oil barrels are seen in front of rising stock graph in this illustration, on July 24, 2022. Dado Ruvic/Illustration/Reuters

LONDON—Oil prices steadied on Thursday after early declines as the dollar firmed while the possibility of further increases to interest rates by central banks also heightened demand concerns.

Brent crude futures rose 14 cents, or 0.2 percent, to $82.84 a barrel by 1055 GMT and U.S. crude futures added 1 cent to $77.29.