April 25, 2011 2:09 PM

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Oil prices up in Asian trade

Oil prices were up in Asian trade today with prices having risen above 124 dollars a barrel after violence in Syria and Yemen escalated over the weekend, boosting fears that unrest may disrupt more oil supplies in the Middle East and North Africa. Brent gained 29 cents to 124.28 dollars a barrel by 0502 GMT whereas U.S. crude rose 38 cents to 112.67 dollars a barrel.

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