Oil markets were steady today, after falling in the previous session, over concerns of demand growth as investors worried that last week’s pact by European leaders may not be enough to curtail the region’s debt crisis, reports Reuters.
Brent fell 3 cents, to $107.23 a barrel, while US crude also fell 3 cents, to $97.74.
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Oil will be driven by headlines on Europe’s fiscal condition and Wednesday’s OPEC meet.
Financial markets are awaiting the outcome of a US Federal Reserve meeting later today, which is expected to ease the nation’s monetary policy after weighing the impact of Europe’s crisis.
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