Oil prices steady near year lows ahead of G20

Oil prices steadied yesterday at about $60 a barrel, supported by expectations that crude exporters would agree to cut output at an Opec meeting next week, but weighed down by signs of increased global production. Traders also said any upside was being capped ahead of a meeting of leaders of the Group of 20 nations (G20), the world’s biggest economies, on November 30 and December 1.