SINGAPORE: Oil prices stemmed last week's losses to hold above US$64 a barrel yesterday, supported by the struggle to restart US oilfields and refineries after Hurricane Katrina, but capped by signs of slowing demand growth.
US light crude rose 19 cents to US$64.27 a barrel by 0717 GMT, after shedding 41 cents on Friday, when prices fell for the fourth time in five sessions. Prices are almost US$7 below the record-high of US$70.85 struck on Aug 30.
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