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Crude oil fluctuated as China’s economy grew at the slowest pace in two years and as U.S. stocks rebounded from early decline.
Oil swung between gains and losses after China’s statistics bureau said the economy grew 9.1 percent in the third quarter from a year earlier, the slowest pace since 2009. The Standard & Poor’s 500 Index erased losses as financial shares rallied after better-than-estimated earnings at Bank of America Corp.
Crude for November delivery rose to $87.18 a barrel on the New York Mercantile Exchange. Prices fell as much as 1 percent earlier to $85.55.
Brent oil for December settlement fell 81 cents, or 0.7 percent, to $109.35 a barrel on the London-based ICE Futures Europe exchange.
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