Oil Prices Steady as OPEC+ Mulls Supply Cut

Oil Prices Steady as OPEC+ Mulls Supply Cut
An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, on July 21, 2014. Todd Korol/Reuters
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LONDON—Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to the market weighed.

Brent crude eased 2 cents to $101.20 a barrel by 1033 GMT, while U.S. West Texas Intermediate crude was down 22 cents, or 0.2 percent, at $94.67 a barrel.