Oil eases on good supply picture, fed easing fears | The Dickinson Press
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Oil eases on good supply picture, fed easing fears

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NEW YORK -- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S. Federal Reserve policy maker suggested the central bank may taper its bond buying program.

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Brent crude also fell, but the steeper drop in U.S. oil prices widened Brent's premium by 70 cents.

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