Oil News
Oil holds near 2012 low
The price of oil is holding near the lowest levels of the year.Benchmark U.S. crude added 34 cents to $91 per barrel in New York while Brent crude rose by 38 cents to $106.93 per barrel in London.Both crude varieties have tumbled this month on forecasts of weaker world demand and higher supplies. U.S. crude closed Wednesday at $89.90, its lowest close since October.The economies of the two biggest
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