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Oil edges higher amid tightening global supply, gains capped by economic slowdown

Updated : April 10, 2019 09:58 AM IST

International benchmark Brent futures were at $70.66 per barrel at 0158 GMT, up 5 cents from their last close.
US crude stocks rose by 4.1 million barrels in the week to April 5, to 455.8 million barrels.
The International Monetary Fund (IMF) warned on Tuesday that the global economy was slowing more than expected and that a sharp downturn may be looming.

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