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Friday, May 4, 2012

Oil rebounds ahead of US jobs data

Oil prices bounced back in Asian trade today from the previous day's sharp losses as traders awaited a key labour market report in the United States, the world's biggest economy, analysts said.New York's main contract, West Texas Intermediate (WTI) crude for delivery in June, was up 13 cents to USD 102.67 per barrel while Brent North Sea crude for June gained 17 cents to USD 116.25 in morning trade.

From: http://ping.fm/QUt1P

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