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Oil price steady at USD42
- Saudi Arabia: Wednesday, December 29 - 2004 at 09:34
US light crude held steady at USD42 a barrel in light trading yesterday while Brent crude hovered around the USD40 a barrel mark. Traders think that oil prices will weaken going into 2005 due to excess supply and a mild winter, but geo-political developments remain a wild card.
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Peter J. CooperWednesday, December 29 - 2004 at 09:34 UAE local time (GMT+4)
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