Oil prices

LONDON, Aug 12: IPE Brent crude oil futures climbed into positive trading territory on Monday, maintaining momentum after major crude producer Iraq said UN weapons inspections were over and funds purchased New York futures.

September Brent was 36 cents higher at $25.70 a barrel at 1702 GMT after falling as low as the key psychological level of $25.

NYMEX September crude futures traded 64 cents higher at $27.50.—Reuters

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