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/ 3 January 2008

Oil eases after leap to $100

Oil prices dipped on Thursday, after leaping to a lifetime high of the day before, fuelled by expectations of thinning United States stockpiles, the falling dollar and geopolitical risks. US light crude for February delivery fell 32 cents to ,30 a barrel in Globex electronic trading by 5.24am GMT. US crude touched a barrel in the previous session.