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Global oil oversupply by early 2022 anticipated: EIA

West Texas Intermediate crude oil stocks at Cushing hub described as “especially low”

Rebound: The US Energy Information Administration projects global oil supply to outpace demand by early 2022
Rebound: The US Energy Information Administration projects global oil supply to outpace demand by early 2022Photo: DEVON ENERGY
Houston
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Published 10 November 2021, 17:50Updated 10 November 2021, 17:50