Business Day | Oil is steady as rising supply balances concern about sanctions Business Day London — Oil prices steadied on Monday, weighed down by rising supply from Opec and the US but supported by the concern that falling Iranian output will tighten markets once US sanctions bite from November. Brent crude oil was up 20c at $77.84 a ... China's slowing demand for oil is a serious concern for the Middle East Oil prices higher as US sanctions limit Iran exports Oil Climbs as Market Eyes Iran Supply Risks |