March 20, 2013 12:30 PM

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Oil high in Asia on eurozone support to Cyprus after bailout deal fails

Oil prices were high in Asia today after eurozone finance ministers and the European Central Bank vowed to support Cyprus as a crucial bailout deal stood on the brink of collapse.New York's main contract, light sweet crude for delivery in April, gained six cents to 92.22 dollars a barrel and Brent North Sea crude for May delivery increased 34 cents to 107.79 dollars in mid-morning Asian trade.

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