Brent falls below $54 to reverse earlier gains as glut worries drag | Reuters:
"Brent crude fell below $54 a barrel in choppy trade on Tuesday, reversing gains earlier in the day as concerns over a growing supply glut weighed on the market.
Prices on the other side of the Atlantic fell for a sixth session to just above a six-year low, keeping their discount to Brent at near $10, a trend that analysts say could deepen.
"The oil market is currently oversupplied, driven in part by the success of North American shale," Morgan Stanley said."
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