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Oil prices rise after US economic data raises rate cut expectations

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Oil futures rose on Thursday on a stabilizing U.S. job market and slower-than-expected inflation data, which increased expectations that the Federal Reserve would begin to cut interest rates in the fall. Brent crude futures were up 50 cents at $83.25 a barrel by 11:06 a.m. EDT (1506 GMT). U.S. West Texas Intermediate crude (WTI) gained ...

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