LONDON—Oil prices were steady on Monday as China’s continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession.
Brent crude futures rose 17 cents, or 0.2 percent, to $91.80 a barrel by 0915 GMT, recovering from a 6.4 percent fall last week. U.S. West Texas Intermediate crude was at $85.67 a barrel, up 6 cents, or 0.1 percent, after a 7.6 percent decline last week.
