Oil down 3 percent; Brent near 11-year low as oversupply worries return

Oil down 3 percent; Brent near 11-year low as oversupply worries return

Oil fell more than 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week’s short-covering dried up and players worried that crude prices had more room to swoon in the new year. U.S. gasoline futures slid more than 2 percent as the selloff extended to refined oil…

Reuters

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