Oil steady as Saudi Arabia pledges to play 'responsible role' in market
Updated : October 23, 2018 07:59 AM IST
Oil prices were steady on Tuesday as Saudi Arabia pledged to play a "responsible role" in energy markets, although sentiment remained nervous in the run-up to US sanctions against Iran's crude exports that start next month.
Front-month Brent crude oil futures were trading at $79.87 a barrel at 0120 GMT, 4 cents above their last close.
US West Texas Intermediate (WTI) crude futures were at $69.41 a barrel, up 5 cents from their last settlement.