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On Monday, oil prices remained steady as worries about demand from China offset the positive impact of solid demand elsewhere, supply cuts by OPEC+, and tensions in the Middle East.
The reaction of the broader markets to the attempted assassination of former US President Donald Trump was closely watched, with the US dollar stabilizing after earlier gains that had pressured oil prices.
Brent crude futures edged up by 3 cents to $85.06 a barrel, while US West Texas Intermediate crude rose by 7 cents to $82.28.
Despite concerns about Chinese data showing slower economic growth and a decline in crude oil imports, demand from other regions remained robust.
Geopolitical tensions in the Middle East continued to support oil prices, but the ample spare capacity held by key oil producers limited the upward pressure on prices.
Additionally, supply cuts by the OPEC+ group and hopes for a potential interest rate reduction based on a lower-than-expected US inflation report for June provided some support to market sentiment.
