July 21, 2011 12:28 PM

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Light sweet crude rises 28 cents to 98.68 dollar a barrel

Hopes of a resolution to the US debt impasse buoyed crude markets in Asia today as traders awaited eurozone crisis talks aimed at preventing a Greek financial meltdown. New York's main contract light sweet crude rose 28 cents to 98.68 dollar a barrel on its first trading day. Brent North Sea crude edged up nine cents to 118.24 dollar.

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