New York's main contract, West Texas Intermediate (WTI) for January delivery, dipped to US$97.3 while Brent North Sea crude for February eased to US$109.2. Oil prices dipped on growing expectations the US Federal Reserve will scale back its stimulus program after a key policy meeting this week. A series of positive economic data from the US has kindled anticipation for an early taper. The taper could boost the dollar, making dollar-priced oil more expensive, dampening demand.
17-Dec-13 
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