Crude oil sinks under $103 a barrel

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Source: Marketwatch

Crude oil futures declined after supply news from the US but Iranian issue limited losses. Crude oil inventories decreased to 4.4 million barrels last week while gasoline inventories jumped to 3.4 million barrels, announced American Petroleum Institute. Crude oil futures for February contract lost 72 cents and currently traded at $102.50 a barrel at the electronic trade.

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Thu, 05 Jan 2012 16:20:03 GMT

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