Brent Holds Above $100 in Tussle Between Supply, Recession Fears

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, on Jan. 21, 2019. Agustin Marcarian/Reuters

LONDON— Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted.

Brent crude futures rose 14 cents, or 0.1 percent, to $100.83 a barrel by 0900 GMT. WTI crude futures climbed 21 cents, or 0.2 percent, to $98.74 a barrel.