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Oil prices drop in Asia on oversupply fears

SINGAPORE: Oil prices dipped in Asia on Wednesday as traders anticipated an increase in US crude inventories when weekly data from the Energy Information Agency is released later in the day.

Oil prices extend gains in Asia

SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.