Commodities Oil steadies as market tightens on lost supply Updated : June 29, 2018 03:33 PM IST US light crude oil was 20 cents lower at $73.25 per barrel by 0905 GMT. On Thursday, the contract hit its highest since November 2014 at $74.03 per barrel. Trade disputes between the United States on one side and major economies including China, India and the European Union on the other are beginning to cloud the outlook for global economic growth. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.