Oil prices steadied by China’s inventory fall

Oil prices dipped on Thursday, extending the previous day’s decline, as the market focus returned to a global supply overhang, although a surprise fall in Chinese crude inventories did lend some support. International benchmark Brent crude oil futures LCOc1 were trading down 10 cents at $48.85 per barrel at 0709 GMT, having closed down 1.8 […]

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