Reuters | Oil steady as expected output pact extension offsets US supply Reuters LONDON (Reuters) - Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, sheltering prices from the impact of rising U.S. crude production and inventories. Rising US Oil Stocks Weigh on Prices Oil Inventories Early 2018: Why The Consensus Is Out Of Touch A lightning fast rally in oil prices is reversing. Here's why |