Oil Steadies as US Stockpiles Swell, Traders Weigh China Policy
Oil held steady after a day of choppy trading as US crude inventories swelled and traders monitored China’s plans for fiscal policy. West Texas Intermediate edged lower to close at $73.24 a barrel after earlier falling as much as 2.8%. Brent settled below $77 a barrel. Both benchmarks plunged 4.6% on Tuesday amid a broader…