Oil steady on signs of output cuts but demand concerns weigh
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LONDON (Reuters) - Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as some countries ease out of lockdowns. Benchmark Brent crude was unchanged from its last close at $34.81 a barrel by 1105 GMT.The front-month contract for U.S. West Texas Intermediate crude which is set to expire on Tuesday was up 73 cents, or 2.3%, at $32.55 a barrel. The July contract, which was trading at vastly higher..