Oil Is Steady as ECB Policy Makers Meet on Bond Plan

Oil was little changed in New York as European Central Bank policy makers met to discuss a plan involving unlimited purchases of government debt to ease the region’s debt crisis.

Futures traded in a $1.41-a-barrel range after two central bank officials said Germany’s Bundesbank objected to the plan. Prices initially rose 0.4 percent on the proposal by ECB President Mario Draghi, who will announce a decision at a press conference tomorrow.