Oil prices steadied on Monday as tensions over Iran’s nuclear program countered concerns about whether slowing global economic growth would hit oil demand. Brent crude futures fell 12 cents to settle at $64.11 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 15 cents to settle at $57.66 a barrel. Oil prices edged higher for much of the session, then eased ahead of settlement. “Worries about what is going on in the Persian Gulf continue to put a bit of a bid into the market, but without any new significant developments the market dropped back toward unchanged,” Gene McGillian, vice president of market research at Tradition Energy in Stamford, Connecticut. “Worries about demand growth are holding the market back.” Iran on Monday […]