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UK Gas MonthsOIL ($/bbl) WEDTHU VAR D-1 VAR W-1AVG.MAXMIN 10/12 11/12FROM THE BEGINNING OF THIS YEARBRENT USD/BBL62.21 61.28-0.93-1.9868.5782.0360.23BRENT DEC2661.52 60.95-0.57-1.2365.7671.5660.95BRENT DEC2762.51 62.19-0.32-0.7666.0670.1062.19Crude oil prices dropped on Thursday, briefly pressured by geopolitical tensionsafter the US seized a sanctioned Venezuelan tanker. Still, the broader marketfocused on expectations of oversupply heading into next year. This washighlighted by Saudi Arabia cutting its January Arab Light OSP to Asia by USD0.60/bbl, the lowest in five years, aiming to stay competitive as Chinaincreasingly turns to discounted Russian and Iranian barrels. Hence, Brentcrude fell by 1.5% to settle at $61.28 per barrel.Brent Crude Oil