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Bridging The Gap
 Oil up in Asia as Iran concerns grow
 Tuesday 14 August, 2012
Oil up in Asia as Iran concerns grow

SINGAPORE: Oil prices were higher in Asian trade Tuesday buoyed by an expected crude supply cut in the North Sea and intensifying talk of an Israeli military strike against Iran, analysts said.

New York's main contract, light sweet crude for delivery in September, gained 23 cents to $92.96 a barrel, while Brent North Sea crude for September advanced two cents to $113.62.

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