Oil eases on glut, production outlook | Reuters:
"Oil fell on Thursday as fears of escalating violence causing supply disruption in the Middle East faded and focus returned to a persistent market glut and increased global output.
Brent was down 46 cents to $45.71 a barrel at 0859 GMT.
West Texas Intermediate (WTI) futures were down 21 cents at $42.83 per barrel after the U.S. crude rose to $43.30 earlier the session.
A day earlier oil recorded a sixth consecutive gain after a smaller-than-expected U.S. inventory build and a fall in U.S. oil rig counts. Investors also trimmed short positions ahead of the Thanksgiving break in the United States."
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