TRADELINE LIVE NEWS UPDATE
UPDATE 4-Oil steady as Saudi supply balances Iran sanctions
Sept 28 (Reuters) – Oil prices steadied on Friday as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.
Global crude oil benchmark Brent LCOc1 was up 20 cents at $81.92 a barrel by 0820 GMT. The contract hit a four-year high of $82.55 this week but has been fairly stable during the third quarter, gaining around 3 percent since the end of June.
U.S. light crude CLc1 was 20 cents higher at $72.32 a barrel. It is up around 3.5 percent this month, but down 2.6 percent since the end of June.
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