March 10, 2011 10:03 AM

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Oil prices rises in Asian trade

Crude prices rose in Asian trade on Thursday on continued investor concerns that the unrest in Libya could spread to the oil-rich Middle East. New York's main contract, light sweet crude for delivery in April, gained 44 cents to 104.82 US Dollars per barrel. Brent North Sea crude for April delivery rose 56 cents to 116.50 US Dollars.

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