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Oil slips as oversupply fears eclipse geopolitical tensions (CO1:COM:Commodity)

Seeking Alpha · last updated
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Oil prices retreated on Thursday, erasing the prior session’s gains as traders shifted their focus back to signs of a growing supply glut despite escalating geopolitical risks, including the U.S. detention of a sanctioned tanker off Venezuela.

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