Oil Prices Stabilize As Traders Await Inventory Report

Oil prices have stabilized after Monday's drop-off, with traders expecting a draw in both U.S. crude and product inventories - expectations that will be confirmed later today.Chart of the Week- A Saharan anticyclone called Charon is moving towards the Mediterranean and could lift temperatures in the region to all-time highs, with heatwaves aggravated by the first El Niño in four years, and testing the continent’s power generation capacities. - Europe’s gas and power markets are gradually coming under strain as demand for…