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Article updated: 2/22/2013 10:03 AM

Oil snaps 2 days of steep losses, gains modest

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Traders work the crude oil options pit at the New York Mercantile Exchange Thursday

Associated Press

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The price of oil broke two days of steep losses Friday and scrambled back to close to $93 a barrel after official predictions that economic growth in Europe would pick up pace in the second half of the year. Ample supplies kept gains in check.