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Oil prices rise on hope of Chinese stimulus
中国经济增长刺激油价上涨
Oil prices edged up on Tuesday on hopes of more economic stimulus from the Chinese government after weak inflation data.
The numbers were weaker than expected and raise concerns about growing deflationary pressures.
Analysts say the weak data indicate sluggish demand in the real economy, and suggested that the government should roll out more easing measures to boost growth.
Investors are also keeping an eye on oil supply, with OPEC agreeing to stick by its policy of unconstrained output last Friday.
