Oil steadied after gains as an industry report flagged another build in US crude stockpiles, and uncertainty over global supplies lingered.
Oil prices extended their gains, settling above $72 a barrel, driven by supply uncertainties, a weaker dollar boosting commodity prices, and expectations of tighter supplies following pipeline disruptions and potential delays in OPEC+ production increases. Meanwhile, U.S. crude inventories rose, but gasoline futures surged due to increased diesel demand amid cold weather.