Oil prices pause surge to October highs as Saudi production weighed, U.S. supplies surprise to upside

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Oil prices pause surge to October highs as Saudi production weighed, U.S. supplies surprise to upside
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Oil prices eased Wednesday, pulling back from their highest levels since October, which had been achieved with three straight days of gains. The market assessed whether major producers are likely to step in quickly with more supply in response to tougher action against Iran’s oil market from the Trump administration.

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