June 20, 2013 10:53 AM

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Oil slips in Asia on US Fed signalling winding down of stimulus

Oil prices slipped in Asia today after Federal Reserve Chairman Ben Bernanke signalled the US central bank would wind down its stimulus programme later this year. New York's main contract, light sweet crude for delivery in July, was down 81 cents at 97.43 dollar a barrel on its last day of trading, while Brent North Sea crude for August shed 87 cents to 105.25 dollar.

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