Oil was steady after the biggest gain in two weeks following an announcement by the U.S. of a coordinated release of strategic reserves with other countries that fell short of expectations. Futures in New York traded above $78 a barrel after rising 2.3% on Tuesday. The U.S. will release 50 million barrels, in concert with China, Japan, India, South Korea and the U.K. in an effort to tame prices. Much of the oil will need to be returned to the stockpile by those who buy it, however, and contributions from international partners were smaller than many expected. Focus now turns to OPEC+ and how the group will respond to ... (full story)