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Oil drops as China demand concerns counter supply jitters

By Inquirer - 10 months ago
NEW YORK  –Oil prices fell more than a dollar a barrel on Monday as China’s ailing property sector sparked demand worries, causing traders to reassess the supply risk premium from escalating tensions in the Middle East. Brent crude futures fell $1.15, or 1.4 percent, to settle at $82.40 a barrel, while U.S. West Texas Intermediate crude

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