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Oil Steadies as Market Waits for OPEC Report and Inflation Data

(Bloomberg) -- Oil steadied after a three-day drop ahead of a series of market reports and US inflation data that may provide direction for prices.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksThese Are the Best Countries for Wealthy ExpatsWest Texas Intermediate futures traded above $78 a barrel after falling 1.5% over the previous three sessions.
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Asian Stocks Turn Higher Before US Inflation Data: Markets Wrap

(Bloomberg) — US equity futures gained with European stocks ahead of keenly awaited US inflation data that will help determine when the Federal Reserve finally pivots to monetary easing. Futures on the S&P 500 and Nasdaq 100 rose 0.2% and 0.4% respectively. US Treasury yields were steady and a gauge of the dollar was flat.…
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