Crude contracts stood at US5.74 a trading fscs barrel.
Elsewhere, on the ICE Futures Exchange in London, Brent oil futures forex for August delivery were.29 and trading at US107.57 a barrel, while the spread between the Brent and.S.
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Crude futures steadied on Monday, entering positive territory on demand from bargain hunters, though forex gains were limited due to ongoing concerns that supply disruptions once feared in Libya and Iraq will never materialize.
The deal should add 500,000 barrels per day of crude back into the global energy market.