Oil settles flat

Oil prices settled close to unchanged on Dec 12, pressured by a forecast for ample supply in the oil market but supported by rising expectations of a Federal Reserve interest rate cut. Brent crude futures settled down 11 cents, or 0.15%, to $73.41 a barrel. U.S. West Texas Intermediate crude futures were down 27 cents, or 0.38%, at $70.02.

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