Brent crude was down 26 cents, or 0.3%, at $69.25 per barrel as of 0918 GMT, after rising as high as $69.77 earlier in the session.
U.S. West Intermediate crude slid 31 cents, or 0.4%, to $66.98 a barrel, after reaching $67.66 earlier. On the demand side, daily crude processing in China, the world's biggest oil importer, fell to its lowest in July since May 2020 as independent plants slashed production amid tighter quotas, high inventories and weakening profits.
Source: News Formal (newsformal.com)
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