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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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, especially between regional rivals Saudi Arabia and Iran.
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