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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

Published Wed, Nov 8, 2017 · 09:50 PM
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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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