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Oil, gas to steady in 2013: EIA

THE spot price of Brent crude oil, which recently jumped more than 30% in two months, will fall from recent highs but stay over an average $US100 per barrel this year and next, according to the US Energy Information Administration.

Andy Graham

In its latest short-term energy outlook report, the EIA said Brent spot prices increased steadily from $89 per barrel on June 25 to $117 per barrel on August 23 because of the seasonal tightening of oil...

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