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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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