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Oil near $88 amid European financial turmoil
Oil prices lingered near $88 a barrel Thursday in Asia as a fresh wave of sour economic news from Europe lent weight to expectations that the region's slowdown will keep demand for crude subdued.Benchmark oil for July delivery was up 28 cents to $88.10 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract slid $2.99 to close at $87.82 on
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