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Oil near $93 as traders eye supply, Fed

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Oil hovered above $93 a barrel Wednesday after a plunge the day before, when investors worried that U.S. crude supplies remain high and that the Federal Reserve could decide soon to reduce its economic stimulus program. By early afternoon in Europe, benchmark U.S. crude for December delivery was up 39 cents to $93.43 a barrel in electronic trading on the New York Mercantile Exchange. The...