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Oil Prices Reverse Gains as Traders Take a Break ...Middle East
Crude oil prices moved lower earlier today while traders took a step back to assess the situation and how deeply Trump’s tariffs would affect economic growth prospects and the global oil demand outlook. Later in the day, however, prices may yet rebound after China reported stronger than expected GDP growth during the first quarter, a day after reporting a strong rise in crude oil imports in March. At the time of writing, Brent crude was trading at $64.48 per barrel, with West Texas Intermediate at $61.13 per barrel. China, meanwhile, reported…
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