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 SINGAPORE (AP) - Oil prices rose Friday after a U.S. government weekly fuel supply report showed an unexpected decline in crude stockpiles.
Light, sweet crude for July delivery added 17 cents to $64.18 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore.
"A further rise is unlikely given there are no factors to drive the price upward," said Ken Hasegawa with Tokyo brokerage Himawari CX. The Nymex crude contract rose 52 cents Thursday to settle at $64.01 a barrel.
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