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Oil takes breather in Asia after strong rally

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SINGAPORE: Oil prices took a breather in Asia trade Friday as investors locked in profit after a strong rally following the European Central Bank's decision to cut interest rates.

New York's main contract, light sweet crude for delivery in June, dropped 17 cents to $93.82 a barrel and Brent North Sea crude for June delivery shed 16 cents to $102.69.

AFP


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