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Oil Trades Near One-Month Low as Demand Concern Counters China

Oil traded near the lowest in almost a month on speculation fuel demand may falter as the U.S. economy slows, countering signs of rising industrial output in China, the world’s second-largest crude user.

Futures were little changed after falling as much as 0.8 percent and climbing as much as 0.3 percent today. Crude pared earlier losses after a report showed China’s industrial production slowed less than economists forecast. Consumer prices in the country climbed 5.5 percent, the quickest pace since