Oil prices were steady early on Monday, supported by strong demand and falling inventories, but still under pressure from high output. Brent crude futures, LCOc1 the international benchmark for oil prices, were at $52.08 per barrel at 0048 GMT, down 2 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $48.85 a barrel, up 3 cents. ANZ bank said prices were being supported by a report from the International Energy Agency (IEA) that crude oil stockpiles were now below 2016 levels. Despite this, the IEA said that stocks remained 219 million barrels above a 5-year average – a level that producer club OPEC is targeting with its output cuts. The agency also raised its 2017 demand growth forecast to […]