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Tag Archives: Oil mixed amid weak China economic data

Oil mixed amid weak China economic data, sustained hopes for 2023


January 17, 2023

Oil prices were mixed on Tuesday after China posted its weakest economic growth in nearly half a century, while its late-2022 U-turn in Covid policy still supported hopes of recovery in the country’s fuel demand this year. Brent crude futures had risen 16 cents, or 0.2 per cent, to $84.62 by 0414 GMT, recouping some of the 1pc loss of …

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