DHAKA: World oil prices steadied as trader scepticism over Iran’s nuclear deal lingered and crude markets tracked the latest unrest in Libya, analysts said.

New York’s main contract, West Texas Intermediate (WTI) for delivery in January rose 25 cents to US$94.34 a barrel.

Brent North Sea crude for January dipped five cents to stand at US$110.95 a barrel in London midday deals, reports The Straits Times.

Oil had retreated steeply in Asian trading hours on Monday in reaction to Sunday’s deal, in which major powers and Iran agreed to some modest sanctions relief in exchange for tighter oversight of Iran’s nuclear programme.

BDST: 2004 HRS, NOV 26, 2013