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Oil slips back toward 18-month lows on oversupply by www.expertcommodity.com Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market rally offered support. Brent crude oil fell $1.67 a barrel, or 3.1 percent, to a low of $52.80 before recovering to around $53.30. U.S. light crude oil dropped $1.30 to $44.92 and was last 90 cents lower at $45.32. Oil prices reached multi-year highs in early October but are now approaching their lowest levels for 18 months. Both crude oil benchmarks have lost more than a third of their value since the beginning of October and are heading for losses of more than 20 percent in 2018. Click Here: www.expertcommodity.com "Fear of a bear market remains in place," said Johannes Gross at Vienna-based consultancy JBC Energy. Three months ago it looked as if the global oil market
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