Business

Oil slips as Germany cuts 2013 growth forecast

By Pablo Gorondi
Published January 16, 2013 1:17pm ET
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Oil prices slipped closer to $93 a barrel Wednesday, as Germany cut its 2013 growth forecast.

By early afternoon in Europe, benchmark oil for February delivery was down 8 cents to $93.20 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped 86 cents to finish at $93.28 a barrel in New York on Tuesday.

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