Oil dips ahead of OPEC meeting

Oil prices dipped in Asia Wednesday despite official China data showing factory activity expanded in May, as traders treaded cautiously before an OPEC meeting in Vienna this week.  Crude prices have rebounded from their January lows of under $30 and last week briefly pushed past $50 a barrel for the first time this year as the market gained support from production outages in Canada and Nigeria. Read more here.

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