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SPOTLIGHT

1. MARKETS:

Glut of U.S. oil is depressing, confusing prices

Oil and gas won't be hard to find in North America this year, but to many market analysts, optimism will be. They, and those in the fossil-fuel business, had hoped for a hastier path to the higher prices that give the industry a healthy return on investment. Instead, early forecasts for 2013 suggest that gas will struggle above the $3 per thousand cubic feet mark, while the U.S. oil benchmark will continue to lag the global price.

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