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Oil slips as rising supplies balance Chinese demand hopes

Por: CNBC Business March 01, 2023

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Oil slipped on Wednesday, giving up an earlier gain, as signs of ample supply and rising U.S. crude inventories countered hopes for higher demand arising from a jump in manufacturing in top crude importer China.U.S. oil inventories rose by 6.2 million barrels in the week ended Feb. 24, according to market sources citing American Petroleum Institute (API) data, ahead of official Energy Information Administration stocks figures at 1530 GMT. was... + full article



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