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China steps up Russian oil imports as teapots buy Urals crude

  Reuters Russian crude imports to China have risen in early 2017 as the country’s independent, or teapot, refiners have expanded their diet to include the Urals grade, trade sources said on Tuesday. Russia could expand its market share in China, the second-largest oil consumer, this year after a drop in Brent prices relative to Middle East crude benchmark Dubai ...

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Oil slips most in 3 weeks as OPEC cuts face rising US output

  Bloomberg Oil declined in New York as OPEC’s supply cuts are tempered by a revival of shale drilling in the US. Futures slid 1.7 percent in New York, the biggest drop in more than three weeks. Saudi Arabia told OPEC it cut oil production by the most in eight years, while Kuwaiti Oil Minister Essam Al-Marzooq said the organization ...

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Trump’s $1trn vow reverses mutual fund and ETF outflows

  Bloomberg It’s not just US President Donald Trump who’s bullish on infrastructure investing. Mutual and exchange-traded funds dedicated to building and upgrading roads, bridges, airports and other projects attracted more than $450 million from November through January, the biggest three-month period in almost two years, according to Morningstar Inc. The inflows reversed redemptions during 15 of the 16 months ...

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