Brent crude oil futures were at $69.94 per barrel, six cents, or 0.1 per cent, above their last close
Oil prices stabilised on Wednesday as markets remained relatively tight amid United States (US) sanctions on crude exporters Iran and Venezuela.
US West Texas Intermediate (WTI) crude futures were at $61.56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0.3 percent, above their last settlement.
Brent crude oil futures were at $69.94 per barrel, six cents, or 0.1 per cent, above their last close.
