Oil slips as investors reassess Mideast risks - Reuters:
Oil prices on Tuesday surrendered some of the gains of recent days as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander.
Brent crude LCOc1 was down 63 cents, or 0.9%, at $68.28 a barrel by 1452 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 was down 55 cents, or 0.9%, at $62.72.
Prices surged during the previous two sessions, with Brent reaching its highest since September while WTI rose to its strongest since April.
The gains were on fears of escalating conflict and potential Middle East supply disruptions after the Jan. 3 Baghdad drone strike that killed Qassem Soleimani, head of Iran’s elite Quds Force. Iran has vowed strong revenge.
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