Oil prices slipped for the third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand.
Analysts do not expect Iran’s unprecedented missile and drone strike on Israel to prompt dramatic sanctions on Iran’s oil exports from the United States. Britain’s inflation rate slowed by less than expected in March, signalling that a first rate cut by the Bank of England could also be further off than previously thought.
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