October 22, 2009 3:20 PM

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Oil eases in Asian trade

Oil eased in Asian trade today after surging to 82 dollars a barrel.New York's light sweet crude lost 11 cents to 81.26 dollars a barrel while Brent North Sea crude eased two cents to 79.67 dollars a barrel.Analysts say the decline is due to boost in investor sentiment on account of decline in USenergy reserves.

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