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Oil prices weakened slightly during the.........>

OIL
OIL: Oil prices weakened slightly during the session on the back of reports of
rising US inventories, unwinding some of the gains made yesterday after the US
indicated that some tariff increases on China would be delayed.
- Brent crude trades at USD60.82/bbl down from a session high of USD61.06/bbl,
while WTI has fallen to USD56.45/bbl from USD56.852/bbl.
- Ahead of the EIA weekly stockpile data, the American Petroleum Institute has
indicated that US crude inventories increased by 3.7mln barrels last week.
- According to data compiled by Bloomberg, Chinese oil demand fell by 0.2% to
11.52m b/d in July.

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