Dhaka, Feb. 11 -- Oil prices were steady on Tuesday as traders digested another round of trade tariffs, this time a 25 per cent levy on all US imports of steel and aluminium, which could weigh on global economic and energy demand in the world's biggest oil consumer.

Brent crude futures were up 11 cents, or 0.14 per cent, at $75.98 a barrel by 0128 GMT, while US West Texas Intermediate crude rose 5.0 cents or 0.07 per cent to $72.37.

President Donald Trump substantially raised tariffs on steel and aluminium imports to the US on Tuesday to a flat 25 per cent "without exceptions or exemptions" to aid the struggling industries that could increase the risk of a multi-front trade war, reports Reuters.

The tariff rate will hit millions of ton...