Oil stable on small market bounce

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Oil prices held steady on Monday, supported by an early bounce in Asian stocks.

Front-month Brent crude oil futures LCOc1 were at $77.77 a barrel at 0033 GMT, up 15 cents, or 0.2 percent, from their last close.

However, analysts said sentiment remains cautious after a plunge across financial markets last week triggered worries that global growth may be slowing.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $67.89 a barrel, up 30 cents, or 0.4 percent, from their last settlement.

Despite the gains and calmer financial markets early on Monday, sentiment among investors remained cautious after hefty losses last week.

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