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Oil slips below $110 on profit taking, eyes dollar

Oil slipped below $110 on Friday as investors took profits after prices hit a record $111 in the previous session, but the depressed dollar was seen limiting losses. U.S. crude for April delivery fell 47 cents to $109.86 a barrel by 7:50 a.m. EDT. It touched a record for the seventh time in a row in the previous session and is up nearly 8 percent this month and about 14.5 percent this year.

Topic: Oil News Stories

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