Tuesday 23 August 2011

Oil hovers above $85 after mixed US supply report

SINGAPORE (AP) — Oil prices hovered above $85 a barrel Wednesday in Asia after a U.S. supply report gave mixed signs about demand for crude. Benchmark oil for October delivery was up 4 cents to $85.48 at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose $1 ...

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