March 11, 2010 3:20 PM

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Oil prices falls below 82 dollars in Asian trade

Oil prices fell below 82 dollars a barrel in Asian trade on Thursday. New York's light sweet crude eased 49 cents to 81.60 dollars a barrel while London's Brent North Sea crude was down 40 cents to 80.80 dollars a barrel.Analysts said the market was digesting gains made on Wednesday after the US Department of Energy (DoE) reported a large drawdown in gasoline and distillate stocks.

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