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Commodities

Oil rises as oversupply and trade tension fears abate

Updated : July 25, 2018 12:02 AM IST

Reports that China will increase infrastructure spending helped lessen fears that US-China trade tensions will reduce the country's demand for oil.
With notable reductions in crude inventories because of strong global demand growth, the supply-and-demand picture will remain strong unless there are significant production increases from Russia and Saudi Arabia.
Oil rises as oversupply and trade tension fears abate
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