LONDON—Oil prices were steady on Monday following sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and a strong U.S. job report dampened hopes of swift rate cuts.
Brent crude futures fell 18 cents, or 0.2 percent, to $77.15 a barrel by 1003 GMT, while U.S. West Texas Intermediate futures were at $72.04 a barrel, down 24 cents, or 0.3 percent.
