Raissa Kasolowsky
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/ 22 November 2007

Oil steady above $97

Oil steadied above a barrel on Thursday, after falling just shy of the milestone in the previous session, as the dollar tumbled to fresh record lows. United States light crude for January delivery was down one cent at ,28 a barrel by 2.40pm GMT. Oil briefly surged to a lifetime peak of ,29 a barrel on Wednesday.