"Brent Crude Holds Steady Above $90/bbl Despite Slight Dip in Oil Prices"

Oil prices dipped as a stronger US dollar and concerns over Chinese economic growth weighed on fuel demand, but extended supply cuts by Saudi Arabia and Russia helped keep Brent crude above $90 a barrel. Brent crude fell 0.2% to $90.50 a barrel, while US West Texas Intermediate crude dropped 0.5% to $87.08 a barrel. The voluntary supply cuts of 1.3 million barrels per day by Saudi Arabia and Russia, announced last week, have supported oil prices. The International Energy Agency and OPEC are set to release their monthly reports this week, which could further impact prices.