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Brent Falls As U.S. Fiscal Cliff Deadline Approaches

Brent crude oil traded at 110.91 on Thursday morning. The commodity has been under heavy pressure as the US nears the January 1 deadline for its fiscal cliff negotiations.

Democrats and Republicans have failed to come to an agreement about how to deal with the country's deficit, and with only four days to go before the package of spending cuts and tax increases kicks in, many are worrying that the number one oil consumer will slip into recession.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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