Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support.

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Oil edged higher in light holiday trading, buoyed by fiscal stimulus measures in China and a US industry report flagging another drop in stockpiles.

Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oil importer. Brent crude futures fell 18 cents, or 0.