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Oil steadies as demand concerns weigh, supply worries support

General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. REUTERS/Mike Segar

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LONDON, Sept 15 (Reuters) – Oil steadied on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase balanced supply concerns.

The International Energy Agency said this week oil demand growth would grind to a halt in the fourth quarter. The dollar held near recent peaks, supported by expectations the U.S. Federal Reserve will continue to tighten policy.

Brent crude was down 10 cents, or 0.1%, to $94.00 a barrel at 0855 GMT. U.S. West Texas Intermediate crude fell 44…

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