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Crude oil above $102 as U.S. cold underpins demand

2014-02-22 01:12:03| Energy - Topix.net

The price of oil fell slightly but remained above $102 on Friday, underpinned by demand stemming from the severe winter weather in the U.S. By early afternoon in Europe, benchmark U.S. crude for April delivery was down 26 cents at $102.49 a barrel in electronic trading on the New York Mercantile Exchange.

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