Oil Steady After Trump-Xi Talks as Iran War Remains in Limbo

Oil steadied following a meeting between US President Donald Trump and Chinese leader Xi Jinping where discussions included the war in Iran and closer oil ties between the two nations.

West Texas Intermediate crude was little changed to settle above $101 a barrel, while Brent closed near $106. The US said the leaders of the two countries discussed increased oil trade, and that both sides agreed Iran can never have a nuclear weapon.