West TX Oil Steady Near $53 as Libya Worries Linger

U.S. crude futures were steady on Tuesday as gains in the dollar following the collapse of Greek debt talks offset supply concerns stoked by growing violence in Libya and uncertainty over exports from Kurdistan.

NYMEX crude for March delivery was down 1 cent at $52.77 a barrel by 0015 GMT, off a one-week high of $53.69 hit on Monday. There was no settlement on Monday due to a U.S. public holiday, with Monday’s activity to be registered on Tuesday.

London Brent crude for April delivery was yet to start trading, after settling down 12 cents at $61.40 a barrel. It touched an intra-day peak of $62.57 a barrel on Monday, the highest since Dec. 22.

CNBC

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