U.S. oil prices closed at the lowest level of 2013, settling at $92.63/bbl after falling below...


U.S. oil prices closed at the lowest level of 2013, settling at $92.63/bbl after falling below $92 intraday. Traders point to Italy's election stalemate raising worries over the eurozone debt crisis and fuel demand, Iran's talks over its nuclear program reducing the geopolitical risk premium, and refineries resuming operations after maintenance causing a slide in refined fuels.

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