Oil Extends Gain as US Seizure of Venezuelan Tanker Adds to Risk

Oil reversed an early gain as the US seized a sanctioned tanker off Venezuela, tracking wider losses in equities and other risk assets.Global benchmark Brent fell below $62 a barrel, erasing an earlier advance of as much as 0.7%. West Texas Intermediate was near $58. Pressure from disappointing earnings offset the rising risk of escalating tensions between Washington and Caracas.

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