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Oil, Gasoline Prices Fall on East Coast Recovery

From cnbc.com

Oil and gasoline futures fell on Friday on signs that disruptions to U.S. East Coast fuel supplies caused by super storm Sandy would ease soon, and on uncertainty about the upcoming U.S. election. Brent crude headed down for a fifth straight day, shrugging off early optimism from U.S. jobs data that showed employers stepped up hiring in October. Gasoline futures weakened as oil tankers and pipelines supplying New Jersey and the New York Harbor — the delivery point for the U.S. contract — restored more operations that had been roiled by Sandy. Additional pressure on prices came as the U.S. government temporarily ... (full story)

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