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Oil slips after 4-day rally on demand concerns, stock levels
Weak data from key consumer China muddies demand outlook
Published Wed, Feb 4, 2015 · 09:50 PM
Singapore
OIL Prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 per cent over the past four sessions.
The recent rebound was driven by hopes that prices may have hit a bottom after a seven-month rout slashed oil futures by nearly 60 per cent and prompted major energy firms to cut spend…
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