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Crude oil futures ease ahead of OPEC+ meet on profit-taking, weak China data

August 1, 2022 Comments Off

Crude oil futures were lower in mid-morning Asian trade Aug. 1 as investors booked profits following outsized gains in the previous week ended July 29, while attention this week is expected to be focused on the upcoming OPEC+ meet. At 11:00 am Singapore time (0300 GMT), the ICE October Brent futures contract was down 74 cents/b (0.71%) from the previous…