Oil steadies near $76 per barrel
Oil prices steadied near $76 a barrel on Monday, pausing from the previous session's decline, as investors weighed the sharp drop in US consumer sentiment against early signs of improved underlying oil demand.
Oil steadied above $114 a barrel on Monday, pausing from previous session's 5.4 percent decline, despite a rising dollar and diminishing supply concerns as Tropical Storm Fay crossed over land.