China growth props up oil price

OIL prices fell slightly last night on an unexpected rise in new US jobless claims but are still hovering around the 17-month high mark following positive economic data from China and a surprise drop in US crude inventories.

China growth props up oil price China growth props up oil price China growth props up oil price China growth props up oil price China growth props up oil price

New York's Western Texas Intermediate shed US12c to close at $US86.51 a barrel yesterday after the US Labour Department reported new jobless claims rose by 24,000 in the week ended April 10.

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