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SINGAPORE (AP) - Oil prices rose slightly in morning trading Tuesday as traders assessed a steep plunge the day before and looked ahead to a U.S. energy report expected to show drops in heating oil and other distillate inventories.
Monday's drop of $2.08 a barrel was attributed to moderating U.S. temperatures and expectations that there will be a crude surplus in the spring.
On Tuesday, light, sweet crude for March delivery was up 10 cents to $57.91 a barrel in Asian electronic trading on the New York Mercantile Exchange.
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