Oil steadies as investors weigh OPEC+ output hike against US crude inventories
Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect of shrinking inventories in the U.S.
Brent crude futures for December delivery rose 12 cents to $66.15 a barrel. U.S. West Texas Intermediate crude rose by 12 cents to $62.49 a barrel.
