Oil edges lower as US stimulus hopes offset US-China tensions

MOSCOW (MRC) -- Crude prices inched lower on 22 July as the market balanced talks of further US stimulus spending supported against rising US crude production and heightened US-China tensions, reported S&P Global.NYMEX September WTI settled 2 cents lower at USD41.90/b and ICE September Brent gave back 3 cents to settle at USD44.29/b.Oil prices pulled off morning lows following reports th

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