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Oil prices were steady over US$123 a barrel yesterday, pulling back from a record high as the US dollar's rise to a two-month high against the euro offset news of falling US diesel stockpiles.
US crude for June was up 2c at US$123.55 a barrel, off the record of US$123.93 hit earlier. London Brent crude was up 5c at US$122.37 a barrel.
Data from the US Energy Information Administration showed a decline last week in distillate inventories - which include diesel and heating oil.
