Bullionguru’s,”Oil steadies as ample supply meets firm demand”

© Reuters. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland

Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States.

Benchmark Brent crude was down 10 cents at $48.32 a barrel by 0720 GMT. U.S. light crude oil was 10 cents lower at $45.92.

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