Reuters, Singapore :
Oil prices steadied on Tuesday on concerns that further US interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world’s biggest oil consumer.
Brent crude futures for November settlement fell 7 cents, or 0.1 per cent, to $91.93 a barrel by 0659 GMT.
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US West Texas Intermediate crude for October delivery was at $85.60 a barrel, down 13 cents, or 0.2 per cent. The October contract will expire on Tuesday and the more active November contract was at $85.15, down 21 cents, or 0.3 per cent.
