Oil steadied below $109 a barrel at the start of the week’s trading, with traders weighing concerns that a global slowdown will drag down demand against supply interruptions and signs of tightness. West Texas Intermediate was little changed in early Asian trading after jumping 2.5% on Friday. Trading volumes will likely be lower than usual on Monday with a nationwide holiday in the US for the Fourth of July celebrations. Crude was buffeted last month as signs of a US recession prompted a wave of selling across commodities. Still, supply outages, including in Libya, have offset some of the weakness. Key oil time spreads also show a robust market. Oil remains more than 40% higher this year after being boosted by the war in Ukraine, which triggered a wave of sanctions on Russian flows. Many product prices remain elevated and Vitol Group , the biggest independent oil trader, warned […]