Oil rises above US$60 a barrel

Oil rises above US$60 a barrel

SINGAPORE – Oil edged up above US$60 yesterday after sliding a day ago as Asian equities and the dollar rose, spurring hopes for an end to the financial market slump dealers feared could hit energy demand.

US crude gained to US$60,24 a barrel. London Brent crude was at US$60,74.London Brent crude was at US$60,74.

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