May 27, 2013 10:16 AM

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Oil prices lower in Asian trade

Oil prices were lower in Asian trade today. Oil prices were dragged down by prospects of weaker crude demand from China and a buildup in US stockpiles.New York's main contract, West Texas Intermediate light sweet crude for delivery in July, dropped 64 cents to 93.51 dollars a barrel in the morning and Brent North Sea crude for July delivery shed 41 cents to 102.23 dollars.

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