Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022.
REUTERS/Bing Guan/File PhotoSINGAPORE, Sept 20 (Reuters) - Oil prices steadied on Tuesday after rising in the previous sessionon concerns that further U.S. interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world's biggest oil consumer.
U.S. crude oil stocks are estimated to have risen last week by around 2 million barrels in the week to Sept. 16, a preliminary Reuters poll showed on Monday.
read moreSigns that major producers are unable to meet their output quotas did give prices some support.
read moreHowever, they are signs that higher oil prices this year are curbing demand.