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Strong cues for crude

WHILE the year that was started with uncertainty for the global crude oil market as the US fiscal cliff crisis loomed and the Arab Spring continued, it ended with markets getting a definite direction as the US Federal Reserve announced scaling back the stimulus.

Strong cues for crude

Partisan politics in Washington DC dominated as the fiscal cliff issue had yet to be resolved, though a deal in early January provided positive cues. But for much of the year, the oil market was on a...

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