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updated: 2/18/2013 6:56 AM

Oil falls toward $95 on US, Europe growth fears

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The price of oil fell to near $95 a barrel monday after u.s. industrial production weakened and europe remained mired in recession.benchmark crude for march delivery was down 28 cents to $95.58 per barrel at late afternoon bangkok time in electronic trading on the new york mercantile exchange. the contract fell $1.45 to finish at $95.86 a barrel on the nymex on friday.brent crude, used to price many varieties of foreign oil, rose 9 cents to $117.75 per barrel in london.

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