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Oil edges up as US inflation data raises rate cut hopes

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Oil prices rose on Thursday with the Brent benchmark holding above $85 a barrel, as hopes rose for rate cuts in the United States after data showed a slowdown in inflation. Brent futures were up 27 cents, or 0.3%, to $85.35 a barrel by 1305 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude rose 29 ...

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