| GEO Business | | Oil higher in Asian trade | Updated at: 0912 PST, Monday, July 27, 2009
SINGAPORE: Oil rose in Asian trade on Monday, with investor mood upbeat that the global economy was over the worst of the slump, analysts said.
New York's main contract, light sweet crude for September delivery, put on 39 cents to 68.44 dollars a barrel. Brent North Sea crude for September delivery was 38 cents firmer at 70.70 dollars.
In Asia, a strong 7.9 percent surge in second quarter growth from China's economy has bolstered hopes that the region is also starting to shake off the US-led global slump.
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