Oil steadied following a three-day gain as traders eye reports that’ll shed light on the outlook for global market balances into 2026.
Brent was near $65 a barrel, after climbing 1.7% on Tuesday, while West Texas Intermediate traded below $61. The International Energy Agency reiterated that markets look well supplied in the near term, but tempered its stance on an imminent peak in oil demand, according to its annual energy outlook. OPEC is scheduled to issue its monthly analysis later on Wednesday.