Oil dips
Oil prices fell in Asian trade on Wednesday but remained above 82 dollars as traders cashed in following recent strong rallies, analysts said.
New York's main contract, light sweet crude for delivery in September, was down 37 cents to 82.18 dollars a barrel in the afternoon after breaking the 82-dollar mark late Tuesday.
The contract had earned more than five dollars, or seven percent, in the last four sessions.
Brent North Sea crude for September delivery shed 22 cents to 82.46 dollars.
Investors were taking a break, said Serene Lim, an oil and gas analyst with ANZ bank in Singapore.
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