Oil prices steadied in early Asian trade on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures LCOc1 were up 13 cents, or 0.3 percent, at $50.86 at 0325 GMT. That was just above their 100-day moving average, briefly breached in the previous session. U.S. West Texas Intermediate crude futures CLc1 were up 7 cents, or 0.2 percent, at $47.66 a barrel. Oil prices tumbled more than 2.5 percent on Monday in volatile trade as the dollar strength and the demand concerns in China, the world’s second-largest oil user, weighed on sentiment. A stronger dollar tends to limit the demand for oil for buyers paying in other currencies. Both Brent and WTI had reached two-month highs on Aug. 10. “Stale speculative […]