- Oil holds steady after three straight declines
- The WTI prompt-month contract edged up $0.02 to $60.17/Bbl as of Wednesday morning (7:45 AM CT)
- US Ambassador to NATO Matthew Whitaker said President Trump will enforce tough new sanctions on Moscow to pressure Vladimir Putin into negotiations to end the war in Ukraine
- Indian state-owned refiners are weighing whether they can continue purchasing discounted Russian crude following the new measures
- OPEC+ will meet this weekend and may approve another supply increase
- The American Petroleum Institute reported U.S. crude inventories fell by 4 MMBbls last week, far below the average forecast for a 76 MBbl draw, according to a Bloomberg survey
- Official government data from the Energy Information Administration is expected later Wednesday
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