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Oil flat as Fed offsets heating oil supply drop

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NEW YORK (AP) — The price of oil was flat Wednesday as a big drop in heating oil supplies was offset by a decision by the U.S. Federal Reserve to further reduce its stimulus program. Benchmark U.S. crude for March delivery slipped 5 cents to close at $97.36 a barrel on the New York Mercantile Exchange. Supplies of distillate fuels, including heating oil, declined sharply last week as the U.S....

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