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Oil steady as Fed's Bernanke eases concerns

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The price of oil was little changed near $93 a barrel on Wednesday as markets digested the Federal Reserve chairman's fairly sanguine view about the risks emanating from the central bank's super-easy monetary policy. By early afternoon in Europe, benchmark crude for April delivery was up 7 cents to $92.70 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell...