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(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. ....
Asian markets update: With trading in mainland China shut Feb. 9-16, investors will likely take cues from gains seen for the country’s shares listed offshore. ....
Price growth dropped to an annual rate of 3.1% in January, according to official data; above economists expectations of 2.9%. In December, the consumer price index stood at 3.4%. ....