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'Fiscal cliff' worries pressure oil prices

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The price of oil fell Wednesday as traders looked for signs of progress in negotiations over U.S. budget issues. Benchmark oil dropped 69 cents to finish at $86.49 per barrel in New York. Earlier, the price was down nearly 2 percent. But much of the loss was erased after a Federal Reserve survey showed economic growth improved in October and early November across much of the country. Oil has...

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