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Oil slips to near $88 on US manufacturing worries

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The price of oil fell to near $88 a barrel on Wednesday amid worries over the U.S. economy, largely because a budget deal has yet to be agreed between the White House and Congress. By early afternoon in Europe, benchmark crude for January delivery was down 81 cents to $88.28 a barrel in electronic trading on the New York Mercantile Exchange. The contract finished up 18 cents at $89.09 a barrel...

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