Oil on Track for Best Year Since 2016 as Supply Concerns Ease
Oil pump jack pumps, front, and storage tanks, in the distance, are seen on a farm near Corpus Christi, Texas. (Photographer: Eddie Seal/Bloomberg News)

Oil on Track for Best Year Since 2016 as Supply Concerns Ease

(Bloomberg) -- Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost.
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