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News Link • Federal Reserve

Brent steady around $116, central bank meetings spur stimulus hopes

• Reuters

Brent futures rose for a fourth day to around $116 per barrel, helped by persistent hopes for stimulus measures from central banks in the United States and Europe, with key policy meetings scheduled for this week and next.

Prices were also underpinned by expectations that weak data from China, the world's second-biggest oil consumer, would prompt Beijing to ease policy further, while festering tension between Iran and Israel added support.

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