Oil weaker in Asia
Afp, Singapore
Oil prices were lower in Asian trade Monday on profit-taking but US gasoline (petrol) supply concerns were expected to limit the declines, dealers said. Worries over heightened civil unrest in Nigeria, Africa's largest producer, should also lend support to prices, they said. At 2:11 pm (0611 GMT), New York's main contract, light sweet crude for August delivery, was down 26 cents to 72.55 US dollars a barrel from 72.81 dollars in late US trade Friday after reaching their highest levels since late August last year.
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