Oil price slips on signs that supplies increase in the biggest markets

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Source: Bloomberg
© Scanpix/Reuters

Oil futures for December settlement slipped by 0.7%, or 58 cents, to $84.99 a barrel during Sydney trading session on Tuesday. The oil price decreases as investors see signs of increasing supplies in the U.S. and China, the biggest oil consumers markets. Also, traders have expectations that the U.S. stockpiles data will be in the highest level in the last quarter.

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Tue, 13 Nov 2012 10:17:55 GMT

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