Crude oil prices steady on Tuesday

International benchmarks for oil prices remained mostly stable on Tuesday (22 March) and terrorist attack in Brussels killed 35 people showed little impact on the prices. The market was rather well carried on with sup­ply out­ages in Nige­ria and Iraq, talk among ma­jor oil pro­duc­ing na­tions about an agreement to freeze out­put and ex­pec­ta­tions of continued de­clines in US pro­duc­tion. However, analysts believed that the current rally could be capped at the $40/b threshold as this is the level US shales oil producers would bring new rig online. 

WTI closed at   $41.45/b (-$0.07)
Brent closed at $41.79/b (+$0.25)

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