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Oil slips on stronger dollar, oversupply fears
Yahoo Financeยท2025-11-04 17:50

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices eased on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supply glut. Brent crude futures fell 31 cents, or 0.5%, to $64.58 a barrel by 12:27 p.m. (1726 GMT). U.S. West Texas Intermediate crude was down 33 cents, or 0.5%, at $60.72. "Crude futures are feeling the pressure today from high U.S ...