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Commodities Tomorrow: Oil Hit by China, Sequester

Monday, 4 Mar 2013 | 4:00 PM ET

CNBC's Bertha Coombs reports weak demand for oil and gasoline drove the price below $90/barrel before it closed slightly higher, as China moved to cool off its housing market and the U.S. dealt with the sequester. It was a quiet day in the metals markets, as gold moved up only pennies on the day.