Oil prices are poised to end the year 10% lower in first annual decline since 2020

Oil prices are poised to end the year 10% lower in first annual decline since 2020

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Oil prices are on pace to close out the year about 10% lower as bearish sentiment has overtaken the market due to worries that the market is oversupplied from record production outside OPEC. The West Texas Intermediate contract for February gained 10 cents, or 0.14%, to trade at $71.87 to barrel…

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