Crude oil surges as China demand, output cuts defy expectations

Crude oil surges as China demand, output cuts defy expectations

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TOKYO -- Crude oil prices are approaching $100 per barrel amid a reduced international supply and unexpectedly strong demand in China, raising concerns of a resurgence in global inflation. Futures in U.S. benchmark West Texas Intermediate crude rose to around $95 per barrel recently, up from the…

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