Oil steadies near $80 a barrel as China announces stimulus

Oil steadies near $80 a barrel as China announces stimulus

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Oil steadied on Wednesday, with Brent trading near $80 a barrel, as a Chinese economic stimulus package and geopolitical tensions were offset by concerns over tepid demand and a stronger dollar. The front-month March contract for Brent crude fell 4 cents to $79.51 a barrel at 1109 GMT. U.S. West…

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