Oil Steadies as Traders Weigh US Stockpiles and Supply Outlook

An oil pumping jack in an oil field in Kansas, U.S. Photographer: Angus Mordant/Bloomberg Oil extended a run of listless trading as traders awaited US inventory data due later and assessed a persistent outlook for oversupply. West Texas Intermediate was a little higher near $61, with prices undulating in a band of about $2 since early last week. Most Read from Bloomberg US crude inventories rose 6.5 million barrels last week, according to the American Petroleum Institute, which would be the biggest inc ...