U.S. crude supplies are near a record while warmer weather is sapping demand
Oil prices are falling slightly from fears of a worsening global glut that has sent prices to multiyear lows this week.
Oil prices rose earlier in the session, supported by a weaker U.S. dollar. But reports that Russia isn’t planning any cooperation with the Organization of the Petroleum Exporting Countries on reducing the oversupply sent the market back into negative territory.
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