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SINGAPORE: Oil costs rebounded on Friday from losses of greater than 1 p.c the day past as buyers turned cautiously optimistic over the fading danger of a US debt default, in accordance with Reuters.
Brent futures rose 59 cents, or 0.8 p.c, to $76.45 a barrel by 7:20 a.m. Saudi time, whereas US West Texas Intermediate crude climbed 48 cents, or 0.7 p.c, to $72.34.
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