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Oil prices diverge before US energy report

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London - Oil traded mixed on Wednesday before the release of US stockpiles data, a closely watched barometer of demand in the world's biggest consumer of the commodity, analysts said.

US benchmark West Texas Intermediate for delivery in May dipped 11 cents to $47.40 a barrel compared with Tuesday's close.

Brent North Sea crude for May rose 34c to $55.45 in London midday deals.

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