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Oil prices dip on lower Chinese crude imports

But traders say overall market remains well supported because of Opec-led supply cuts

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China's October oil imports fell sharply from a near record-high of about nine million bpd in September to just 7.3 million bpd, data from the General Administration of Customs showed on Wednesday.

Singapore

OIL prices fell on Wednesday as Chinese crude imports slipped to their lowest level in a year, although traders said the overall market remains well supported because of Opec-led supply cuts.

Traders said they were closely eyeing escalating tensions in the Middle East,

sentifi.com

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