August 4, 2014 11:43 AM

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Oil prices rise in Asian trade

Oil prices rose in Asia today but analysts said that the gains were capped following weakened demand caused by refinery shutdowns and easing concerns about armed conflicts around the world.US benchmark West Texas Intermediate for September delivery rose five cents to 97.93 dollar, while Brent crude for September delivery gained 17 cents to 105.01 dollar in late-morning trade.

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