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Crude oil rises in Asia

Crude oil rises in Asia

Oil prices were up in post-Christmas Asian trade on December 26 as traders warily eyed the soon-to-resume US budget talks on a deal to avert the fiscal cliff, analysts said. New YorkÂ’s main contract, light sweet crude for delivery in February rose 46 cents to $89.07 a barrel and Brent North Sea crude for February gained 55 cents to $109.35.