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Oil prices up in Asian tradeoil_refinery_in_russia_(540x352).jpg

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Oil prices rose in Asia today after a mixed US energy report showed a healthy decline in crude stockpiles but a rise in output that could aggravate the global supply glut. US benchmark West Texas Intermediate for September delivery rose two cents to US$45.17 while Brent crude for September gained 11 cents to US$49.70 in late-morning trade....

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