Brent has given up all gains made after an Iranian general was killed and even with Opec+ supply cuts, US crude inventories ensure ample supply
London — Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising US inventories and other signs of ample supply.
“Immediate escalation has been avoided,” said Olivier Jakob, oil analyst at PetroMatrix. “There has been some de-escalation, but the return of risk is still there.”
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