October 12, 2011 1:23 PM

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Oil prices down in Asian Trade

Crude prices were down in Asian trade today after OPEC lowered its global oil demand forecast for 2012 and Slovakia rejected a plan to revamp the Euro zone's rescue fund. New York's main contract, light sweet crude dived $ 1.04 to $ 84.77 a barrel. Brent North Sea crude shed 74 cents to $ 109.99.

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