Tuesday 16 January 2018
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thefinancialexpress
5 months ago

Oil steady after dollar sell-off, OPEC, China weigh

LONDON, Aug 15 (Reuters): Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by signs of weaker demand in China, the worldand#39;s second-largest consumer. Benchmark Brent crude LCOc1 was unchanged at $50.73 a barrel by 0830 GMT. US light crude CLc1 was 5.0 cents lower at $47.54. Chinese oil refineries operated in July at their slowest daily rates since September, official data showed. The drop was steeper than expected, raising concerns over the state of

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