Oil slips as China benchmark rate cuts smaller than expected


Source: investing.com investing.com

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Published Jun 19, 2023 09:13PM ET Updated Jun 20, 2023 02:00AM ET © Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo JPM +0.12% Add to/Remove from Watchlist LCO -0.28% Add to/Remove from Watchlist By Katya Golubkova and Andrew Hayley TOKYO/BEIJING (Reuters) -Oil prices slipped on Tuesday after China cut benchmark lending rates less than some expected, sowing further concern over the oil demand outlook in the world's largest crude importer. was down 19 cents at $75.90 a barrel at 0545 GMT. U.S. West Texas Intermediate (WTI)...