(Bloomberg) — Oil steadied after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.Futures held near $61 a barrel in New York. An Iran-backed Iraqi militia withdrew from the U.S. embassy in Baghdad after storming the compound to protest deadly airstrikes. The American Petroleum Institute reported crude inventories fell again last week, according to Reuters. Official data is due on Friday.Oil had a strong end to last year following an agreement by the Organization of Petroleum Exporting Countries and its allies to deepen output cuts, and …read more
Source:: Yahoo Finance
