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Oil prices down in Asia on Iran tension
 


July 04, 2012 - Updated 1130 PKT
From Web Edition
 
 



SINGAPORE: Crude prices slipped in Asia Wednesday with traders taking profit from an unexpected overnight rally sparked by Iranian sabre-rattling against a European oil embargo, analysts said.

 

New York's main contract, light sweet crude for delivery in August fell 55 cents to $87.11 a barrel and Brent North Sea crude for August delivery shed 61 cents to $100.07.

 
 
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