Oil prices steady as demand concerns offset U.S. stimulus hopes – ZAWYA

Oil prices steady as demand concerns offset U.S. stimulus hopes – ZAWYA

oil prices steady as demand concerns offset u.s. stimulus hopes brent crude futures were unchanged at $43.41 a barrel    image used for illustrative purpose. joint stock company mozyr oil refinery is pictured near the town of mozyr, belarus january 4, 2020. singapore/melbourne - oil prices were steady on tuesday, erasing gains earlier in the session, as rising coronavirus cases dampened the outlook for demand and countered optimism over more u.s. stimulus.efforts to stimulate the u.s. economy's recovery from the coronavirus crisis had raised hopes for stronger oil demand. however, a proposal on monday from senate republicans will likely face opposition from democrats, delaying the passage of a final stimulus package.  brent crude futures were unchanged at $43.41 a barrel at 0634 gmt while u.s. west texas intermediate (wti) crude futures fell 14 cents, or 0.3%, to $41.46 a barrel. both benchmarks rose as much as 0.5% earlier in the session.efforts to stimulate the u.s. economy's recovery from the coronavirus crisis had raised hopes for stronger oil demand. however, a proposal on monday from senate republicans will likely face opposition from democrats, delaying the passage of a final stimulus package. singapore/melbourne - oil prices were steady on tuesday, erasing gains earlier