Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire

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SINGAPORE: Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East.

Brent crude futures climbed 8 cents, or 0.1%, to $71.92 a barrel by 0107 GMT while U.S.

The meeting this week will decide policy for the early months of 2025.

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Category: EconomyBusiness

Markets: MalaysiaChinaIsraelLebanonSingapore

Topics: Commodities /Business/Business News Opec Crude WTI Oil Petroleum Brent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 10:06:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24023364

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