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| | GEO Business | | Oil above 62 dollars, six-month high in Asia | Updated at: 1313 PST, Wednesday, May 27, 2009
 SINGAPORE: Oil eased in Asia on Wednesday but remained above 62 dollars a barrel after breaching six-month highs overnight ahead of a meeting of the Organisation of the Petroleum Exporting Countries (OPEC).
New York's main futures contract, light sweet crude for July delivery, shed 20 cents to 62.25 dollars a barrel after settling at 62.45 dollars in US trade, the highest close since November 5.
Brent North Sea crude for delivery in July tumbled 14 cents to 61.10 dollars.
The market was taking a breather after climbing to its highs Tuesday as traders viewed a jump in US consumer confidence as a signal for an economic rebound and increased energy demand besides expectations were seen high from Opec Thursday meeting.
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