Oil steadied — after slipping to a three-week low on Monday — as traders waited for more clues on Chinese demand, a midweek policy decision from the Federal Reserve and the latest guidance from OPEC+. West Texas Intermediate held near $78 a barrel after retreating by more than 2% on Monday. China’s reopening after Covid Zero was abandoned has boosted optimism that consumption will pick up as mobility improves, and purchasing managers indexes due Tuesday will provide more evidence of how quickly Asia’s biggest economy is recovering. While the Federal Reserve is expected to raise interest rates again in its first ... (full story)