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Wed 02 Feb 2010Oil steady above $73 a barrel
Oil hovered above $73 a barrel today, giving up some of the previous day's gains after data showed a large build in U.S. crude stocks, signalling persistently weak demand in the world's top energy consumer.
Oil had settled more than 2 per cent higher yesterday, buoyed by a weaker dollar, gains on Wall Street, and a huge snowstorm looming over the U.S. Northeast, the world's largest consumer of heating oil.
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