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Oil edges higher on falling US crude inventories, Fed’s 2025 outlook limits gains

Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar. Brent crude futures rose 44 cents, or 0.60% ...

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