Oil remains steady despite demand uncertainty; brent crude at $84.23/bbl

News Snapshot:

Oil prices remained steady on Tuesday as traders awaited signs of increased summer demand that could support prices, despite concerns about ample supply potentially limiting gains. Benchmark Brent crude futures were unchanged at $84.23 per barrel at 1231 GMT, following an increase in the previous session. Meanwhile, U.S. West Texas Intermediate crude futures, which also saw gains on Monday, rose by 3 cents to $80.36 a barrel. Both benchmarks recorded approximately 2 per cent gains on Monday, closing at their highest levels since April. Brent crude has rebounded from its early-June close of $77.52 per barrel, although it remains below...