oil prices Concerns were raised on Wednesday lower fuel demand in Chinathe world’s second largest economy, offsetting a large drop in US crude stocks.

Brent, the benchmark for two-thirds of the world’s oil, was trading 1.6 percent lower at $86.98 a barrel as of 2:59 p.m. UAE time. West Texas Intermediate, the gauge for US crude, fell 1.4 percent to $79.86.

US Crude Oil Stocks fell about 4.8 million barrels last week, analysts said, citing data from American Petroleum…

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