Oil steadied after capping a solid first-quarter gain as signs of a nascent recovery in China bolstered the demand outlook. Brent for June held near $87 a barrel after front-month prices surged by 14% in the first three months of the year, while West Texas Intermediate was above $83. China’s industrial activity rebounded in March to snap a five-month decline, stoking hopes that consumption in the biggest crude importer might be on the mend. Crude has rallied this year as OPEC+ cut back supplies to push prices higher and offset the impact of increased flows from outside the cartel. The group is expected to affirm its ... (full story)