EIA sees global oil glut expanding as production keeps growing

(3min)
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures climbed to a two-week high Tuesday, as concerns over sanctions on Russian and Iranian oil supplies as well as rising Middle East tensions outweighed worries that a potential trade war could boost inflation and hurt global economic growth.

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