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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 28/Aug 09:06

WTI dips below $75.50 amid US, China worries

The benchmark US crude oil West Texas Intermediate is trading lower at $75.10 on Wednesday as investors are concerned about slower economic growth in the United States and China. Data released by the Conference Board on Wednesday revealed that the US Consumer Confidence Index improved to 103.3 in August from an upwardly revised 101.9 in July. Nonetheless, consumers are more worried about the labour market after the Unemployment Rate reached a nearly three-year high of 4.3% last month. Furthermore, fears of the economic health and future oil demand in China weigh on the crude oil price, as China is the

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