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Oil prices rise after positive US economic data - Markets

LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,.

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US annual inflation slows to below 5% in April, price pressures still strong

Food prices were unchanged for a second straight month. Grocery store prices fell 0.2% after decreasing 0.3% in March, posting back-to-back declines for the first time since July 2019.

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