Oil prices were steady on Thursday after erasing earlier gains as investors remained cautious about the Iran-Israel ceasefire while also shifting focus to market fundamentals, Reuters reports.

Brent crude futures fell 11 cents, or 0.2pc, to $67.57 a barrel by 08:21 GMT (13:21 PKT). US West Texas Intermediate (WTI) crude fell 8 cents, or 0.1pc, to $64.84 a barrel.

Both benchmarks climbed nearly 1pc on Wednesday, recovering from early-week losses after data showed resilient US demand.

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