-- Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US stockpiles.Airbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.
In the US, meanwhile, the government will release figures on crude inventories against a backdrop of fast-declining holdings, including at the storage hub at Cushing. Estimates from the industry-funded American Petroleum Institute released Tuesday showed a modest increase at the Oklahoma site last week, but a draw on a nationwide basis, according to people familiar with the figures.
Crude prices have dipped recently as prospects for tighter monetary policy raised concerns about demand, ANZ Group Holdings Ltd. analyst Adelaide Timbrell said in a note. For OPEC+, that reversal “could be a reason for the cartel to keep their supply cuts unchanged in today’s review,” she said.
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