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- Oil steady on U.S. stock build, Chinese demand16 Feb 2023—The Globe and MailOil prices fluctuated in a narrow range on Thursday as it weighed a large build in U.S. crude inventories and hopes for a Chinese demand recovery. Brent crude futures were flat on the day at $85.38 a barrel by 1252 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 7 cents, or 0.09 per cent, at $78.66. Prices have come under some pressure from last week’s larger than expected build in U.S. crude oil stocks. Stocks rose to the highest level since June 2021, the Energy Information...
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