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Oil up on world oil demand forecast

OIL prices pared back early losses to settle above $US70 a barrel last night on forecasts of incr...

Marija Stojkovic
Oil up on world oil demand forecast

New York’s Western Texas Intermediate climbed $US2.35 to $70.88 a barrel after the US Energy Information Administration raised its outlook for world oil demand during the fourth quarter and for 2010. ...

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