Oil steadies after sharp falls as Middle East uncertainty persists
Oil rose in early Asian trade on Wednesday on continued uncertainty over conflict in the Middle East, after falling as much as $5 this week to the lowest levels since early October on demand concerns.
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The market will be looking out for U.S. crude and fuels inventory data due on Wednesday. Analysts polled by Reuters expected crude stockpiles rose by about 1.8 million barrels in the week to Oct. 11.