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Oil falls to $94 on US supply report

By Pamela Sampson
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BANGKOK (AP) — The price of oil fell to $94 a barrel Thursday amid ample supplies as traders awaited the latest reading on growth in the Chinese economy.

Benchmark oil for February delivery was down 24 cents to $94 per barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 96 cents to close at $94.24 a barrel on the New York Mercantile Exchange.

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