Oil steadies as drilling increases in tight market

Oil prices steadied on Monday as an increase in U.S. drilling, likely to lead to higher shale production, balanced evidence of tightening supply. Benchmark Brent was up 40 cents at $77.51 a barrel by 0750 GMT. U.S. crude was down 10 cents at $73.70. U.S. energy companies last week increased the number of rigs drilling […]