Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth, reports Yahoo.
Oil priceBrent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel.
Prices pared gains late in the session after both contracts had risen by over $1 a barrel. Market participants took advantage of the higher...
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