Oil steady on U.S. stock draw, eyes on OPEC+ move | Reuters
Oil prices were steady on Wednesday as investors waited for the outcome of an OPEC+ meeting and official U.S. data on crude and product inventories to gauge supplies.
Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15% so far this year. On Friday, crude benchmarks hit their highest prices since October 2014, with Brent touching $91.70 and U.S. crude hitting $88.84.
Brent crude was down 21 cents, or 0.24%, to $89.16 a barrel by 1201 GMT, after easing 10 cents on Tuesday.
U.S. West Texas Intermediate crude was flat at $88.20 a barrel.
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