Oil edged lower in a volatile session where sentiment was being driven by renewed worries surrounding China's property sector.
Oil edged lower in a volatile session where sentiment was being driven by renewed worries surrounding China's property sector.
Crude has risen by about a quarter since its lows in June as OPEC+ linchpins Russia and Saudi Arabia curtailed supply. That's helped push the market into a deficit of more than 2 million barrels a day this quarter, the producer group has estimated. Rising risks to flows of Russian crude through the Black Sea due to the war in Ukraine have also aided the gains.
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