Oil prices steady

Oil prices were little changed on Tuesday after five sessions of gains, with weak oil data from top crude importer China balanced by concern over supply.

Brent crude futures fell 22 cents, or 0.26%, to $85.96 a barrel by 1043 GMT. U.S. West Texas Intermediate crude was down 16 cents, or 0.2%, at $80.30.

Price support was provided by supply concerns. Chevron (CVX.N) Chief Executive Mike Wirth on Monday told at a Houston conference that there is “not a lot of swing capacity”, making the global market vulnerable to any unexpected supply disruption.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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Union Jack Oil expands into USA with three mineral royalty packages

Union Jack Oil plc (LON:UJO), a predominantly UK onshore focused production, development and exploration company, has announced details of its initial expansion into the United States of America, with the purchase of three Mineral Royalty packages, brokered by