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Oil rebounds

From the Newspaper Published February 29, 2012
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LONDON, Feb 29: Oil prices rebounded on Wednesday after two days of losses as traders awaited US inventory data amid lingering market worries about Iran supply disruptions, analysts said.

New York’s main contract, light sweet crude for delivery in April, gained 35 cents to $106.90 a barrel.

Brent North Sea crude for April climbed $1.02 to $122.57 approaching midday in London.—AFP

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