Oil up on expected U.S. oil stock drawdown, but China gloom tempers gain

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Oil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China's economy limited the upside.

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Brent crude was up 10 cents at $84.56 a barrel and U.S. West Texas Intermediate crude was trading 9 cents higher at $80.81 a barrel at 0101 GMT. WTI's contract with September expiry was up 11 cents at $80.23 a barrel.

The Energy Information Administration, the statistical arm of the U.S. Department of Energy, is due to release its own data on Wednesday. U.S. economic data over recent weeks has bolstered expectations for the Fed to keep rates higher for longer, putting a dampener on the demand outlook for oil and a broad range of consumer goods.

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