Oil Steady as Dollar Slumps and Russian Oil Products Ban Looms

Oil Steady as Dollar Slumps and Russian Oil Products Ban Looms
Pump jacks operate at sunset in an oil field in Midland, Texas, on Aug. 22, 2018. Nick Oxford/Reuters
Reuters
Updated:

LONDON—Oil prices were steady on Thursday after tumbling in the previous session as a weaker dollar boosted sentiment, though looming sanctions on Russian oil products added uncertainty over supply.

Brent crude futures fell 10 cents, or 0.1 percent, to $82.74 a barrel by 0937 GMT while West Texas Intermediate (WTI) U.S. crude futures advanced 1 cent to $76.40.