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Oil pares losses on tight supply but cloudy demand caps gains

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Oil prices inched higher on Wednesday underpinned by signs of near-term supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025. Brent LCOc1 futures rose 14 cents, or 0.2%, to $72.03 a barrel by 0745 GMT, while U.S. West ...

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