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Oil prices retreat from $100

ASIA-PACIFIC oil prices opened the week precariously close to the $100 a barrel mark on Monday, retreating slightly during the week as OPEC continued to dismiss calls to boost output.

Oil prices retreat from $100

A barrel of Tapis crude opened the week at $US99.12 a barrel, before moving further away from last week's record prices to $96.77 on Wednesday. But they started creeping back up yesterday to close at $98.50....

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