Oil steadies after last week's heavy blow Financial Times Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec's attempts to mop up a near three-year old surplus. The sell ... FGE's Fesharaki: Longer, higher production cuts necessary to keep oil prices stable |