Oil down 1%, US debt caution offsets supply worries

Oil prices slipped on Monday as caution around U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. futures fell 73 cents, or 0.97%, to $74.85 a barrel by 0634 GMT, while U.S. West Texas Intermediate (WTI) crude for…

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