Oil prices steadied on Monday as a storm that could impact the Gulf of Mexico raised concerns over U.S. production but talks in Geneva offered a chance for peace in Yemen where top crude exporter Saudi Arabia has been involved in a civil war. A large tropical disturbance in the southern Gulf of Mexico has a 70 percent risk of developing into a cyclone in the next 48 hours, the U.S. National Hurricane Center said, potentially threatening oil output in the region. U.S. light crude oil CLc1, also known as West Texas Intermediate (WTI), bounced from a session low of $59.62 per barrel to trade around $59.80, down 16 cents, by 0800 GMT (0400 ET). Brent crude LCOc1 was unchanged at $63.87 a barrel. Brent has fallen from a high above $66 last week and appears to be settling into a range between $60 and $65, said Carsten […]