LONDON—Oil steadied on Tuesday after sliding more than $1 the day before ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with containing a regional escalation of its war with Hamas.
Brent crude futures were up 28 cents at $89.93 a barrel, while U.S. West Texas Intermediate crude (WTI) was up 12 cents at $86.78 a barrel as of 1048 GMT.
