Oil prices rebound in Asia

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AFP, Singapore :
Oil prices rebounded in Asian trade Friday but gains were capped by weak economic data from Europe and oversupply in the United States.
New York’s main contract, West Texas Intermediate for June delivery, was up 39 cents at $101.89 a barrel in afternoon trade, while Brent North Sea crude for July gained 20 cents to $109.29.
Gross domestic product across the 18-nation eurozone grew just 0.2 percent in the three months to March, the Eurostat data agency said, much lower than expectations for 0.4 percent.

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