Oil dips with interest rates and inventories in focus
Oil prices held on to most of the previous session's gains as the market kept a lookout for fresh drivers, such as official U.S. oil inventory data due at 1430 GMT [EIA/S] and Chinese factory activity data due next week. In a preliminary indicator, industry data showed U.S. crude oil inventories fell by about 1.2 million barrels last week, defying forecasts for a build of 300,000 barrels. [API/S]
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