Brent sticks to position as recession concerns match tight supplies

23.08.2022

Oil prices were largely steady on Monday as a relatively tight global supply picture competed with fears of a recession and a rising dollar.

Brent crude futures for October settlement fell 34 cents, or 0.3%, to $96.38 a barrel by 1105 GMT.

U.S. West Texas Intermediate (WTI) crude for September delivery - due...