Oil stable as US stimulus jitters counter OPEC+ supply cuts
LONDON: Oil prices were stable on Tuesday as concerns that a U.S. stimulus package might hit snags and rising coronavirus cases countered bullish signals from better compliance with a supply cut deal and ongoing vaccine efforts.
Brent crude was up 15 cents, or 0.3%, at $56.03 by 0930 GMT, while U.S. crude rose 11 cents, or 0.2%, to $52.88. Both contracts rose nearly 1% on Monday and are set to post the third monthly rise in a row, trading near 11-month highs.
