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Brent dips below $113 on China data, but stimulus

August 10, 2012 Comments Off on Brent dips below $113 on China data, but stimulus

August 10, 2012, 10:20 am

By Florence Tan
SINGAPORE (Reuters) – Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, offsetting hopes of stimulus measures aimed at lifting global growth that could boost oil use.

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