Oil Edges Lower on Weak Chinese Factory Data

Oil Edges Lower on Weak Chinese Factory Data

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Oil edged lower after data showed Chinese factory activity contracted for a fifth consecutive month in August. Brent crude oil inched down 0.2% to $85.11 a barrel. That is after Brent gained over 1% on Wednesday after U.S. crude stocks fell by 10.6 million barrels, far larger than analysts had…

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