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Bank of America Merrill Lynch predicted limited upside, with crude prices to average $101 a barrel this year. it cited weak oil global demand after the International Energy Agency cut its forecast for oil demand growth to 1.1 million barrels a day, down from an earlier estimate of 1.3 million barrels a day. In other energy trading, heating oil rose 0.9 cent to $3.02 per gallon and gasoline futures rose 0.5 cent to $2.83 per gallon. Natural gas fell 3.7 cents to $2.43 per 1,000 cubic feet.
[Associated
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