Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand.

Brent crude futures for September rose 2 cents to $82.42 a barrel. US West Texas Intermediate crude for September dipped 2 cents to $78.38 per barrel.

Traders mostly ignored US President Joe Biden’s decision to call off his reelection bid and endorse Vice President Kamala Harris on Sunday.

Source: Qatar News Agency