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Oil up on hopes of stabilising energy demand

AFTER a poor start to the week, oil prices rose for a third time last night as the US stock marke...

Marija Stojkovic

Oil up on hopes of stabilising energy demand

New York's Western Texas Intermediate edged closer to $US50 a barrel, rising more than $US1 to settle at $US48.46 a barrel. Singapore's Tapis also followed the upward trend, closing higher at $US54.43/bbl....

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