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Brent Crude - Oil edges cautiously higher after mixed Chinese PMIs
Strong run continues Chinese data doesn't hinder the rally Momentum may be key as price approaches August highs Oil prices are nudging higher again today, technically on course for a fifth day of gains in six in Brent - six in a row in WTI - although broadly speaking they're just a little above the middle of what appears to be a newly established range. Brent peaked near $88 a few weeks ago and bottomed around $82 last week as we await more direction on the economy and therefore demand. Data th
by Craig Erlam
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