Oil futures shake off losses to finish higher ahead of weekly U.S. supply data
Oil futures finished with a slight gain on Tuesday, shaking off the modest losses seen during the bulk of the trading session. An OPEC+ technical committee didn't announce a recommendation on production policy at its meeting Tuesday, but the group of major oil producers will make a decision later this month on whether to extend output cuts past the end of the year. Traders, for now, awaited weekly data on U.S. petroleum supplies from the Energy Information Administration on Wednesday. On average, analysts forecast a weekly increase of 100,000 barrels in domestic crude supplies, along with a climb of 300,000 barrels for gasoline stocks and a fall of 1.8 million barrels for distillate inventories, according to a survey from S&P Global Platts. December West Texas Intermediate crude rose 9 cents, or 0.2%, to settle at $41.43 a barrel on the New York Mercantile Exchange.
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