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SINGAPORE (AP) - Oil prices edged higher in Asian trading Thursday following a U.S. government report that showed an unexpected fall in gasoline stocks amid peak summer driving season demand.
Light, sweet crude for August delivery gained 11 cents to $69.08 a barrel in electronic trading on the New York Mercantile Exchange midmorning in Singapore. The contract climbed more than a dollar to end at $68.97 Wednesday.
Brent crude contract for August delivery rose a cent to $70.56 a barrel on the ICE Futures exchange in London.
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