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HuaweiOil prices edged lower in Asia , with investors fretting over stuttering growth in the US as political and economic uncertainty in the eurozone weighed, analysts said.
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Oil rose in Asian trade on Friday as the market cheered a successful Spanish bond sale, but gains were limited by downbeat US economic data, analysts said.
Oil prices hovered above $104 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a fourth week, suggesting demand remains weak.
Oil prices rose to near $104 a barrel Tuesday in Asia after strong demand for Spanish debt in a sale of 12- and 18-month notes eased some fears that Europe’s debt crisis could soon flare again.
