Oil down 1% ahead of U.S.

Oil declines by 1% ahead of China and US data

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In response to support from Middle East turmoil, oil prices fell more than 1% on Monday as investors exercised caution ahead of this week’s Chinese manufacturing data and a U.S. Federal Reserve policy meeting. By 0350 GMT, U.S. West Texas Intermediate crude was down 1.2%, or $1.34, at $84.20 a barrel, while Brent crude futures … Read more

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