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By: Benzinga
January 11, 2013 at 08:08 AM EST
Brent Sinks on Chinese Inflation
Brent Crude Oil sunk on Friday morning after Chinese data showed that inflation was rising faster than expected in the number two oil consuming country. The commodity traded at $111.71 on Friday morning. On Thursday afternoon, Brent spiked after Saudi Arabia cut its oil production to combat the market's oversupply and
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