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PLATTS: 100--OIL FUTURES: Crude edges lower as market weighs weak fundamentals against geopolitical risks
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Crude oil futures fell on Dec. 2 as markets balanced geopolitical tensions with weak fundamentals. US President Trump announced imminent strikes in Venezuela, accusing the US of seeking to seize oil reserves. Despite geopolitical events, a global crude supply surplus persists, with increased inventories noted. NYMEX January WTI and ICE February Brent both declined, reflecting market reactions to these developments.
Source: Reuters The copyright of this article belongs to the original author/organization.
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