"Oil Prices Hold Steady Amid Lingering Rate Hike Concerns"

Oil prices remain steady after US leaders reached a tentative debt ceiling deal, but concerns about further interest rate hikes are capping gains. The provisional deal has taken pressure off the markets, offering a relief rally in risk assets, including crude oil. However, analysts see any boost in oil prices from the debt deal as short-lived. OPEC+ is due to meet on June 4, with Saudi Arabia warning short-sellers betting that oil prices will fall to "watch out".