Brent hovers around $77 as oil prices lower

Crude oil remained steady on Monday as fears about the Red Sea supply disruptions allayed.

As of 1030 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $0.11 (-0.14 percent) to reach $77.04 a barrel. The West Texas Intermediate (WTI), the main oil benchmark for North America, went down by $0.12 (-0.17 percent) to $71.65 a barrel. Brent and WTI ended the…