Oil bounces back but gains limited

By The Manila Times

Nov 09, 2015 9:49 pm

SINGAPORE: Oil prices rebounded in Asia on Monday but stayed below $45 a barrel as gains were limited by a strong dollar and data showing a decline in Chinese crude imports.

US benchmark West Texas Intermediate was trading 45 cents higher at $44.74 and Brent crude was up 52 cents at $47.94 a barrel at around 6:20 a.m. local time.

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