Oil prices steady on prospect of balancing supply after steep selloff

An easing of the U.S. dollar, which trades inversely with oil, helped to support prices. But while the U.S. dollar weakened in post-settlement trade, earlier on Monday it hit its strongest level since May 2002.

Oil prices steady on prospect of balancing supply after steep selloff
An easing of the U.S. dollar, which trades inversely with oil, helped to support prices. But while the U.S. dollar weakened in post-settlement trade, earlier on Monday it hit its strongest level since May 2002.