Commodities
Oil Dips as Economic Gloom Undercuts Middle East Supply Risk
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Oil slipped as broader market weakness and concerns about a global glut of crude overshadowed escalating tensions in the Middle East.
West Texas Intermediate fell 1% to settle below $67 a barrel, snapping a two-session winning streak. US equities weakened a day ahead of a Federal Reserve decision set to provide clarity on the economic effects of ongoing trade wars. Oil earlier rose as much as 1.7% after Israel conducted military strikes across Gaza, while the US increases pressure on Iran.