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Wednesday, February 21, 2024

Oil declines over $1 on China COVID curbs, weak factory activity data

SINGAPORE, Oct 31 (Reuters) – Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped $1.10, or 1.2%, to $94.67 a barrel by 0710 GMT, after slipping 1.2% on Friday. …

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