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Brent hovers near $109, recovery eyed post Sandy
Brent crude held steady near USD 109 a barrel on Wednesday after the huge storm Sandy whiplashed the US East Coast, reducing fuel demand even as refineries in the region gradually resumed operation.
Fuel supply in the storm-hit region is expected to bounce back quickly as most refineries emerged unscathed, but demand was likely to take a much bigger knock as roads and airports remained shut.
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