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Oil slips on US demand, interest rate fears

By Inquirer - 9 months ago
SINGAPORE  — Oil prices on Thursday fell after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure. Brent crude futures fell 14 cents, or 0.2 percent, to $83.54 a barrel by 0420 GMT, after rising 3 cents in the previous session.

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