Oil steadies but coronavirus and supply pressures remain

LONDON: Oil prices steadied on Tuesday but remained under pressure from the threat to demand from a global resurgence in coronavirus cases and rising Libyan output.

Brent crude futures were trading 2 cents higher at $42.64 a barrel by 1355 GMT.

November U.S. West Texas Intermediate (WTI) crude futures fell 37 cents, or 0.9%, to $40.46, while the more active December contract eased by 7 cents, or 0.2%, to $40.99.