• Oil steadied as signs of a tightening market vied with concerns over lackluster demand, leading to uncertainty around how global crude balances are shaping up.
• West Texas Intermediate edged higher above $77 in early Asian trading after tumbling 1.8% on Tuesday from Friday’s close. Russia met its target for export cuts in January, complying with its pledge to OPEC+, government data showed. Still, China’s economic weakness continues to weigh on the market.