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Tue 12 Dec 2009Oil steady below $70 a barrel
Oil was steady below $70 a barrel today, after falling for a ninth straight session the previous day to an 11-week low on persistent worries over hefty stockpiles and sluggish demand.
Traders will scour the US weekly oil inventory report from the American Petroleum Institute (API) to see if stockpiles continue to rise, and a slew of economic data, including November industrial output figures, for clues on the health of the world's largest economy.
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