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Oil slips for third day on prospect of US rates staying high

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Oil prices fell nearly 1% on Wednesday, retreating for a third straight day on expectations that U.S. interest rate cuts might be deferred due to sustained inflation, a move that could weaken oil demand. Brent crude futures were down 78 cents, or 0.94%, at $82.10 a barrel, while U.S. West Texas Intermediate crude (WTI) was ...

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