Crude prices rise slightly on China recovery, weaker dollar

BEIJING -Oilprices ticked up in Monday's Asian trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled by the prospect possible further U.S. interest rate increases. After initially slipping in early trading, Brent crude futures were up 25 cents, or 0.30 percent, to $83.03 per barrel by 0700 GMT. West Texas Intermediate crude futures (WTI) ticked up by 23 cents, or 0.30 percent, to $76.91 a barrel. Market sentiment was fragile as worries about further monetary tightening by the Fed have been exacerbated by high crudeoilinventories in the U.S., analysts from ANZ Bank said in a note on Monday morning. "It's like the ba...Keep on reading: Crude prices rise slightly on China recovery, weaker dollar

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