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Oil slips on oversupply concerns after OPEC+ output plans - REUTERS

FEBRUARY 02, 2026

By Emily Chow and Ashitha Shivaprasad

SINGAPORE (Reuters) -Oil prices slipped on Tuesday as investors read OPEC+'s decision to pause output hikes in the first quarter as a signal of oversupply in the market.

Brent crude futures fell 15 cents, or 0.2%, to $64.74 a barrel by 0405 GMT. U.S. West Texas Intermediate crude was down 14 cents, or 0.2%, at $60.91 a barrel.

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