December 28, 2012 12:07 PM

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Oil rises in Asia after US Prez calls meet to negotiate deal on fiscal cliff

Oil prices were up in Asia today after US President Barack Obama called an 11th-hour meeting with top congressional leaders to negotiate an elusive deal to avoid the fiscal cliff.New York's main contract, light sweet crude for delivery in February added 42 cents to 91.29 dollar a barrel and Brent North Sea crude for February delivery gained 28 cents to 111.08 dollar in the morning trade.

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