SYDNEY: Oil prices steadied on Tuesday, edging up from a near two-week low in the previous session when prices fell around 3 percent on fears of supply growth and a global economic slowdown.
U.S. West Texas Intermediate (WTI) crude futures were at $52.07 (39.56 pounds)per barrel, up 8 cents from their last settlement. WTI futures closed down 3.2 percent on Monday when prices touched $51.33 a barrel - the lowest since Jan. 17.
Source: The Star