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Crude steadies after hurricane wobble

Oil was flat below $70 today as traders looked toward an expected decline in weekly US crude and gasoline stocks after discounting the threat of a significantly weakened Hurricane Dean to oil flows.

About turn: oil traders are turning their focus back to the general markets after Hurricane Dean's threat to output has abated
About turn: oil traders are turning their focus back to the general markets after Hurricane Dean's threat to output has abated
  • James MacKenzie
Published 22 August 2007, 08:28Updated 22 August 2007, 08:28
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