(Reuters) - China, the world's second biggest oil consumer, raised interest rates to cool its fast-growing economy. But analysts said it could take time to produce any noticeable impact on its oil demand.
London Brent crude slipped 66 cents to $69.61 a barrel by 1452 GMT, eroding some of the previous day's gains of more than $2 or 3.3 percent, the biggest one-day rise since a 5 percent surge in late January.
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London Brent crude slipped 66 cents to $69.61 a barrel by 1452 GMT, eroding some of the previous day's gains of more than $2 or 3.3 percent, the biggest one-day rise since a 5 percent surge in late January.
Read more at Reuters.com Hot Stocks News
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