Oil Steady as U.S. Default Risk Offsets Demand Outlook

Oil prices were steady on Monday as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers.
Brent crude futures rose 17 cents, or 0.2%, to $75.75 a barrel by 1111 GMT, while U.S. West Texas Intermediate (WTI) crude for July delivery, the more actively traded contract, rose 15 cents, or 0.2%, to $71.84.
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