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Thursday, August 23, 2012

Crude Oil Prices Down After Weak Japan Data


Japan's wider-than-expected trade deficit sends oil prices lower

Market participants look to Fed minutes, U.S. EIA data on crude inventories

Tension in the Middle East means this price dip likely to be temporary, analysts say

Focus on upcoming meetings between Greece's prime minister, EU leaders

LONDON--Crude oil futures were lower Wednesday after Japan reported a wider-than-expected trade deficit, a worrying sign for the export-reliant economy that is the third largest oil consumer in the world behind the U.S. and China.

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