Oil Supply Concerns Trump Sagging Demand
Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
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