January WTI crude oil on Tuesday dropped 7.30% to U$46.27 a barrel and February Brent crude fell 6.07% amid concern about higher global supply. While Nymex’s crude oil rose 0.17% to US$46.32 per barrel. The EIA forecast that U.S. Jan shale-oil crude production will climb to 8.166 million bpd, up 1.7% m/m from 8.030 million bpd forecast for December.

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