Oil steadies as investors weigh OPEC+ output hike against US crude inventories

Core Viewpoint - Oil prices stabilized in early trading after two days of losses, as investors considered potential OPEC+ plans for a larger output increase next month against the backdrop of declining U.S. inventories [1] Group 1 - Oil prices experienced two consecutive days of losses before stabilizing [1] - Investors are weighing OPEC+ plans for a potential increase in oil output next month [1] - There is a prospect of shrinking inventories in the U.S. influencing market dynamics [1]