Brent crude slipped 5¢ to stand at $110.76 a barrel ahead of the European Central Bank (ECB) meeting tomorrow and the EU summit on Friday.
ECB is expected to cut the interest rate after statistics agency Eurostat estimated weakening growth throughout the continent.
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US crude rose by 14¢ to $101.42 a barrel following a larger than expected fall in crude stocks, reports Reuters.
Meanwhile, investors are awaiting the release of key Chinese economic data this week after the country’s annual rate of export growth fell in November.
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