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Thaw eases crude price fears

CRUDE oil prices fell as the release of stronger-than-expected figures for US commercial crude stocks and expectations of warmer temperatures in North America allayed fears of a supply crunch this northern winter.

Steve Rotherham
Thaw eases crude price fears

In New York the price of light sweet crude for delivery in February dropped 64 cents to US$46.71 a barrel at the close of trade on Thursday. In London, Brent North Sea crude oil for delivery in March...

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