Oil up | The Daily Star
12:00 AM, August 10, 2010 / LAST MODIFIED: 12:00 AM, August 10, 2010

Oil up

Oil prices edged up in Asian trade Monday following last week's dip, ahead of a widely anticipated Federal Reserve meeting.
New York's main contract, light sweet crude for delivery in September, advanced 58 cents to 81.28 dollars a barrel.
Brent North Sea crude for September rose 57 cents to 80.73 dollars after falling for three straight days last week.
But sentiment turned positive as "prices were supported above 80 dollars", Mitsubishi Corporation Futures analyst Tomokazu Amano told Dow Jones Newswires.

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