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Oil slips on China concerns, warmer weather

FORECASTS for warmer weather in the United States and China's move to change its monetary policy saw the oil price drop last night from a 15-month high.

Marija Stojkovic

Oil slips on China concerns, warmer weather

New York's Western Texas Intermediate shed $US1.60 to close at $US80.79 a barrel after touching a 15-month high on Monday of $US83.95/bbl. Singapore's Tapis also lost ground, dropping 42c to settle...

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