Reuters | Oil steady above $47, latest Libya hitch supports Reuters "We are about to enter a period where the crude oil markets could start to feel more fully the pressure resulting from the come-back of Iran," said Olivier Jakob at Petromatrix consultancy. "Saudi Arabia is moving out of its peak seasonal demand for ... Oil Drops as Glut Fears Grow US crude futures settled down 71 cents, or 1.6 percent, at $45.24 a barrel, and last traded down 1.46 percent at $45.28. Oil ends lower as Turkey-related supply worries fade |