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Oil eases on China refining dip, higher U.S. crude output

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices eased on Thursday, dragged down by rising output and a decline in China's refining activity, although strong fuel consumption in the United States and a drop in its crude inventories provided some support.Brent crude futures were at $76.47 per barrel by 0656 GMT, down 27 cents, or 0.4 percent, from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $66.61 a barrel, down 3 cents from their last settlement.China on Thursday reported a drop in refinery activity, from 12.06 million barrels per day (bpd) in April to 11.93 ...

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First Published: Thu, June 14 2018. 12:40 IST
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