LONDON, Oct 14: The price of oil held steady on Monday despite a weekend bomb attack on the Indonesia island of Bali and a warning from authorities in Jakarta that vital oil and gas installations may be on terrorists’ hit lists.

Reference Brent North Sea crude for November delivery eased to $27.95 a barrel here in early trading from $27.99 at the previous close.

In New York, benchmark light sweet crude November-dated futures closed Friday up 40 cents at $29.37.

Trading was expected to be quiet Monday owing to the Columbus Day holiday in the United States, though the New York oil market was open for business.

Traders here played down the ramifications of the Bali bomb, which left scores dead and dozens injured, raising concerns about another spate of terrorist attacks.—AFP