Oil steady on summer demand hopes but Iranian supply looms

LONDON: Oil prices were largely steady on Monday on rising demand in the northern hemisphere’s summer driving season, but traders braced for a return of Iranian crude supplies despite a pause in talks to end U.S. sanctions.

Brent crude for August lost 24 cents, or 0.3%, to $73.27 a barrel by 1255 GMT. U.S. West Texas Intermediate (WTI) crude for July was down 17 cents, or 0.2%, at $71.47.