Futures Movers: Oil prices tick slightly lower as traders weigh China worries against tight supplies

Oil futures were marginally lower early Wednesday, with the U.S. benchmark threatening to continue a pullback from its 2023 high on worries about China’s economic outlook.

Traders were also awaiting official data on U.S. crude inventories after an industry report was said to show a larger-than-expected decline.

Price action

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Crude…