• Oil fell after a two-day gain as signs of higher US inventories vied with expectations that OPEC+ will extend supply cuts.
• West Texas Intermediate slipped toward $78 a barrel, after advancing more than 3% over the week’s first two sessions amid strength in physical markets. The industry-funded American Petroleum Institute reported nationwide crude holdings rose more than 8 million barrels, including at the Cushing hub.
• Official data on US inventories come later Wednesday. If these confirm an expansion, that would be a fifth week of gains in the largest oil consumer.