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Oil declines amid concerns of possible oversupply

[04/11/2025 12:58]

SINGAPORE-SABA
Oil prices fell today, Tuesday, as investors weigh the OPEC+ alliance's decision to suspend production increases during the first quarter of next year, amid ongoing concerns about a potential surplus in global supply.

Brent crude futures dropped about 0.2 percent, reaching $64.70 per barrel.

U.S. West Texas Intermediate (WTI) crude fell 0.2 percent to $60.87 per barrel.