17-01-2017 17:44 via uk.news.yahoo.com

Oil steady; record high Russian output forecast offsets weak dollar

By Scott DiSavino NEW YORK (Reuters) - Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Earlier gains were capped by forecasts for rising U.S. and Russian production and scepticism that the Organization of the Petroleum Exporting Countries (OPEC) as a whole would comply with its commitment to reduce suppl
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