Oil prices steadied on tuesday: after falling more than 2 percent in the previous session. Brent crude futures were down 9 cents, or 0.1 percent, at $92.16 by 0104 GMT, while US West Texas Intermediate crude was up 1 cent at $85.02 per barrel (pb).
According to Emirates News Agency, both contracts fell more than 2 percent on Monday, with US crude oil falling to a one-week low on profit-taking after prices rallied over the previous two weeks.