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WTI crude (USO) slips further in relevance with the Energy Department dropping the use of the...
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Thursday, December 6, 2012, 7:43 AM ETWTI crude (USO) slips further in relevance with the Energy Department dropping the use of the benchmark for its annual oil price forecast. Brent crude (BNO) - now selling for $21/barrel more - will be used instead. "WTI has become a misleading price indicator for global economic growth," says researcher Gordon Kwan.
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