Oil prices decline with concerns about global oversupply

Retracted Oil prices on Monday, with concerns over Global oversupply, despite supply tensions associated with In Venezuela.
Brent crude futures fell by 81 cents, or 1.31%, to $60.65 per barrel.
US West Texas Intermediate crude fell by 83 cents, or 1.44%, to $56.61 per barrel.
The decline came after losses of more than 4% for both crude oils in recent days, against the backdrop of expectations of a surplus in global supplies within a year. 2026.

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