Oil Trades Near Six-Year Low With U.S. Supply Highest Since 1982
Oil production in Knox County, Ohio, U.S.
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Crude oil rebounded from the lowest level in almost six years while Brent’s premium over West Texas Intermediate widened to a one-month high.
Brent recovered from its steepest one-day drop in more than a week in London. Its advantage over WTI deepened as U.S. crude supplies rose to the highest level in weekly data going back more than three decades.