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TaiJin
2022-09-19

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Oil Rises as Chinese City’s Reopening Offsets Slowdown Concerns

Oil advanced at the start of the week as the Chinese city of Chengdu ended a two-week lockdown, boosting the outlook for demand.West Texas Intermediate rose toward $86 a barrel in early Asian trading after posting a third weekly loss on Friday. Chengdu is the biggest city to have shut since Shanghai’s bruising two-month lockdown earlier this year. The capital of Sichuan province will resume normal life from Monday.Investors are also preparing for an interest rate hike from the Federal Reserve la

Oil Rises as Chinese City’s Reopening Offsets Slowdown Concerns

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Jawslea
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