Oil prices range-bound, Chinese demand concerns
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Oil pricesReuters
•Oil prices in holding pattern ahead of Federal Reserve decision
81% Informative
U.S. West Texas Intermediate crude was down 6 cents at $ 70.65 a barrel at 0112 GMT , Brent crude futures fell 1 cent to $ 73.90 a barrel.
Prices were "weighed on by profit-taking after last week's rally and a batch of disappointing Chinese economic data yesterday ," IG market analyst Tony Sycamore said.
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