Oil slides as Trump eases Iran risk and supply fears
TL;DR Summary
Oil prices fell more than 4% after President Trump said Iran killings were ending, easing fears of immediate conflict and supply disruption. The U.S. withdrew some forces in the Middle East, while the EIA reported a larger-than-expected rise in crude and gasoline stocks. Venezuela also moved to reverse output cuts, and demand forecasts suggested a near balance between supply and demand in the near term.
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