SINGAPORE: Oil prices hovered below US$104 a barrel Wednesday in Asia as traders mulled mixed signs about the strength of U.S. crude demand.
Benchmark crude for June delivery was up 10 cents to $103.98 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.33 to settle, or 1.3 percent, at $103.88 on Tuesday.
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