CNBC | Oil prices steady along with global markets, but oversupply remains CNBC Oil prices firmed on Tuesday in Asian trading, tracking stronger global equity markets and as the U.S. rig count continued to fall, but analysts warned the market remained oversupplied. An index of Asian shares edged higher on Tuesday, bolstered by ... Oil tumbles on Iran, Libya; worry about high supply returns Why there was a sudden trend reversal in oil prices? Risk of US$32 oil price as U.S. heating demand fades |