Oil steadies, weighed down by predicted surplus amid weak demand

SINGAPORE: Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval.

Brent crude futures for September rose 11 cents to $82.51 a barrel by 0645 GMT. U.S. West Texas Intermediate crude for September climbed 5 cents to $78.45 per barrel.