Oil prices rises after China growth ticks higher

Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing.

By early afternoon in Europe, benchmark U.S. crude for August delivery was up 87 cents at $100.83 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the Nymex contract fell 95 cents to $99.96.  Read more

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