Over-supply concerns on Wednesday spoiled the rally that pushed oil prices above $70 per barrel in recent sessions, though continued recovery is expected. Crude oil prices spiked earlier in the week in response to simmering tensions between Saudi Arabia and Iran. Tehran, in particular, has been under pressure for its support of the Houthi rebel group in Yemen just as U.S. President Donald Trump surrounds himself with advisors with a hawkish stance on Iran, one of the top producers in the Organization of Petroleum Exporting Countries. After an initial jump, crude oil prices turned south on Tuesday amid expectations of a build in U.S. crude oil inventories. The American Petroleum Institute reported after the market closed that […]