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Brent steady as US weighs easing sanctions on global shadow fleet

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Core Development: Brent steady as US weighs easing sanctions on global shadow fleet
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Market & Financial Impact: GLOBAL-OIL:Brent steady as US weighs easing sanctions on global 'shadow fleet'
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

HOUSTON, Oct 15 (Reuters) - Brent crude was little changed on Thursday as investors weighed possible US steps to ease restrictions on the world’s "shadow fleet" of tankers, while conflict in the Middle East kept a geopolitical risk premium in the market.

The international benchmark settled down 14 cents, or 0.13%, at $105.92 a barrel.

US West Texas Intermediate crude futures settled up $2.88, or 3.03%, to $97.97 a barrel, after a large US crude stock draw helped support prices.

The shadow fleet discussions are happening days after President Donald Trump temporarily lifted sanctions on Russian diesel fuel to ease a surge in prices globally. The new talks centre on Washington potentially allowing "legal oil" to flow on previously sanctioned vessels, a US official said.

The Department of Energy said any move to relieve sanctions on the shadow fleet would not help Russia move oil or oil products. The Treasury Department referred questions to the Department of Energy.

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Official Publisher Attribution: This report is aggregated from LiveMint. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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