Oil Stable, Amid Expectations of Plentiful Supplies and Weak Demand

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