Oil prices steadied on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead. Benchmark Brent crude oil LCOc1 was up 10 cents at $72.91 a barrel by 0930 GMT. U.S. light crude CLc1 was unchanged at $67.63 a barrel. Turkey’s financial crisis has raised the risk of contagion throughout emerging economies, dragging down South Africa’s rand, Argentina and Mexico’s pesos as well as the Russian rouble. It has also dented emerging market stocks while curbing growth and the outlook for oil demand. This is compounding worries that a deepening trade war between the United States, China and the European Union will squeeze business activity in the world’s biggest economies. Turkey […]