Oil Resumes Rally as Stockpiles Seen Lower, China Eyes Tax Cuts
Workers position pipework on the oil drilling platform at the oil and gas field processing and drilling site. (Photographer: Vincent Mundy/Bloomberg)

Oil Resumes Rally as Stockpiles Seen Lower, China Eyes Tax Cuts

(Bloomberg) -- Oil climbed as investors anticipated another decline in U.S. crude inventories and China promised to slash taxes to avert an economic slowdown.
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