November 16, 2011 1:38 PM

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Crude in negative territory in Asian trade

Oil dipped into negative territory in Asia today amid forecasts of a stockpile rise as traders took profit after an overnight rally which saw US crude prices almost hit 100 dollars.New York's main contract, light sweet crude for delivery in December, fell 18 cents to 99.19 dollar per barrel.Brent North Sea crude for January delivery shed four cents to 112.14 dollar.

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