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Oil down over $1 on U.S. oil stocks build, economy
SINGAPORE, Jan 23 (Reuters) - Oil fell by more than $1 a barrel on Friday after U.S. weekly oil stocks data showed U.S. crude and products stocks builds, signalling a further weakening of demand in the world's top consumer. A string of bearish economic indicators in the U.S. and Asia added to the gloom.

U.S. light crude for March delivery CLc1 fell 92 cents a barrel to $42.75 by 0144 GMT, having slid by as much as $1.08 earlier. London Brent crude LCOc1 fell 73 cents to $44.66 a barrel.
Posted by: Steve White 2009-01-23
http://www.rantburg.com/poparticle.php?ID=260590