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 SINGAPORE (AP) - Oil prices rose Friday as the market closely watched the Iran nuclear stand-off and the potential of tropical storms threatening the U.S. Gulf coast oil refineries.
Light, sweet crude for October delivery rose 54 cents to $72.90 a barrel in midmorning Asian electronic trading on the New York Mercantile Exchange.
Oil prices had fallen earlier in the week on Wednesday's Department of Energy weekly data showing a rise in gasoline stockpiles, as well as higher than expected crude oil and distillate stockpiles.
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