U.S. Oil Steady Around $57 Before Inventories Report
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U.S. oil benchmark futures held steady around $57 a barrel before government data forecast to show crude inventories expanded from a record.
Crude stockpiles probably topped 490 million barrels last week for the first time in more than 80 years, according to a Bloomberg survey before a government report Wednesday. Prices surged earlier after a report that Iran had seized a U.S. cargo vessel, a claim later denied by the Pentagon.