Oil depreciates from a four-month high on speculation about U.S. stockpiles

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Source: Bloomberg
Crude oil futures for February settlement were lower by 43 cents to $93.71 a barrel on the New York Mercantile Exchange in Singapore trading session on Tuesday. Commodity investors traded crude oil with negative sentiments, on speculation that the U.S. stockpiles will be higher than in the previous month and the U.S. economic recovery can be corrupted by a budget dispute.

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