Benchmark oil for August delivery dipped to US$96.7 on the Nymex from US$96.8 on Tuesday.
In London, Brent crude dipped to US$113.50 on the ICE Futures exchange. Oil prices lingered below the US$977 mark in Asia amid investor optimism that strong crude demand from developing countries will offset weaker consumption growth in rich nations.
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Friday, July 08, 2011
Oil prices below US$97 in Asia amid investor optimism
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