Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains.
Brent crude futures climbed 14 cents, or 0.2 percent, to $77.09 a barrel by 0905 GMT, while U.S. West Texas Intermediate crude was at $72.88 a barrel, up 21 cents, or 0.3 percent.
