Oil steady above $89

US crude for February CLc1 gained 1c to $89,26 a barrel by 05:33 GMT after trading as high as $89,67 at the start of the trading session. Front-month ICE Brent crude LCOc1 shed 18c to $95,52.

The pipeline is planned to reopen later this week, officials said on Monday, after halting shipments on Saturday because of a leak that forced producers in Alaska's Prudhoe Bay region to cut output by about 600, 000 barrels to just 5% of normal levels. "The near-term outlook for prices will depend on whether the pipeline can be restored by the end of the week," said Credit Suisse analysts including Stefan Graber.