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Oil slips as US inventories swell, but OPEC may cut supply to avoid glut

Oil slips as US inventories swell, but OPEC may cut supply to avoid glut

  • US commercial crude oil inventories rose by 4.9 million barrels to 446.91 million barrels last week
  • Some analysts have warned that despite high global production, oil markets have little spare capacity to handle unforeseen supply disruptions
By Reuters ·