| GEO Business | | Oil extends gains in Asia | Updated at: 0905 PST, Wednesday, June 09, 2010
SINGAPORE: Oil prices extended gains in Asian trade Wednesday after a weekly industry report showed demand for crude increased in the world's largest energy-consuming nation, analysts said.
New York's main futures contract, light sweet crude for delivery in July, rose 53 cents to 72.52 dollars a barrel while London's Brent North Sea crude for July added 20 cents to 72.50 dollars.
Oil prices were also helped by positive sentiment following remarks by Federal Reserve chairman Ben Bernanke, who said he was not expecting a double dip recession in the world's largest economy.
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