Business / Finance

Oil prices steady as China's economic woes offset expected supply cuts

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2023-09-05 00:49:05  • 2 mins

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BEIJING :Oil prices were mostly flat on Tuesday as data showing China's economy was still struggling with a post-pandemic recovery offset expectations of an extension in supply cuts by leading OPEC+ members Saudi Arabia and Russia.

Brent crude futures for November fell 9 cents, or 0.10 per cent, to $88.91 a barrel. U.S. West Texas Intermediate crude (WTI) October futures rose 34 cents, or 0.4 per cent, to $85.89 at 0315 GMT.

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