Oil prices edge up on US inventories but China caps gains
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Oil prices inched up on Wednesday as US oil stockpiles declined, offsetting signs of weakening demand in China. Brent crude oil futures rose 27 cents to $84.00 a barrel, while US West Texas Intermediate crude futures gained 35 cents to $81.11. Crude oil inventories in the US fell by 4.4 million barrels in the week ended July 12. However, concerns over Chinese demand continue to weigh on investor sentiment as China's economy grew at its slowest rate since Q1 2023.

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