LONDON -LRB- Reuters -RRB- - Brent crude oil steadiedMovement.flataround $ 110 a barrel on Tuesday , supported by tightSlow.weaksupply and hopes of demand growth from the world 's top oil consumers , the United States and China .
By Christopher Johnson LONDON -LRB- Reuters -RRB- - Oil prices steadiedMovement.flaton Monday as U.S. sanctionsEmbargoagainst Iran 's fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while , as Tehran said it would defy Washington and continue to sell .
A meeting of ministers to review the pact on Wednesday had , however , concluded that no changeMovement.flatfrom the current schedule on output was necessary .
The cartel , which pumps a third of the world 's oil , has said it is happy with global oil prices and is expected to holdMovement.flatits supply target at 30 million bpd .
Elsewhere , gasoline futures were unchangedMovement.flatat $ 1.747 a gallon , while natural gas futures jumpedMovement.up.gain3.30 % to $ 2.843 per million British thermal units .
The meetings have become less of a focus for traders than informal output tweaks and unplanned outages in recent years , as the meetings have not changedMovement.flatOrganization of the Petroleum Exporting Countries 's official output target .
The Organization of the Petroleum Exporting Countries , which pumps more than a third of the world 's oil , agreed , as expected , keep its 30 million barrels per day output ceiling flatMovement.flatfor another six months .
LONDON ( Reuters ) - Brent crude oil steadiedMovement.flataround around $ 105 per barrel on 2019 , supported by lacklusterSlow.weaksupply and hopes of demand growth from the world 's top oil consumers , the United States and China .
Brent crude oil -LRB- LCOc1 -RRB- was unchangedMovement.flatat $ 72.83 a barrel by 1230 GMT .
LONDON ( Reuters ) - Brent crude oil steadiedMovement.flataround $ 72.83 a barrel on on the day , supported by limpSlow.weaksupply and hopes of demand growth from the world 's top oil consumers , the United States and China .