Oil snaps 3-day slide in rebound to US$30
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Hong Kong
OIL snapped a three-day losing streak, rebounding from a close below US$30 for the second time in less than a week.
Futures climbed as much as 3.1 per cent in New York after dropping 3.9 per cent on Monday. Inventories probably rose by 3.2 million barrels last week, according to a Bloomberg survey before an Energy Information Administration (EIA) report on Wednesday.
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