Oil prices steady as Middle East exports offset supply risks

Oil prices were steady on Tuesday, as the market balanced rising crude exports from the Middle East and plans by the Group of Seven to draw from emergency reserves, against mounting concerns over supply disruptions due to regional tensions.

Brent crude futures slipped by 29 cents, or 0.3%, to $100.03 a barrel as of the stated time.

Observers noted that higher exports from the Middle East have helped ease worries about tight supply, even as ongoing tensions continue to influence market outlooks.

Analysts also pointed out that the Group of Seven's plans to tap emergency reserves are aimed at supporting supply stability amid geopolitical challenges.