January 12, 2012 2:36 PM

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Oil prices rise in Asian trade

Oil prices rose in Asian trade today as concerns over supply disruptions in Iran and Nigeria outweighed figures showing weak US energy demand. New York's main contract crude for delivery in February gained 45 cents to 101.32 dollar in morning trade. Brent North Sea crude for February delivery was up 73 cents to 112.97 dollar.

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