Oil inches up as US reserve release plan faces opposition


SINGAPORE: U.S. crude inched up in early Asian trading on Monday after the White House's plans to release emergency oil reserves to dampen rising gasoline prices in the country was opposed by its Asian allies as well as the head of the International Energy Agency.

U.S. crude edged 18 cents higher to $96.19 a barrel by 2330 GMT, after scaling a threemonth high last week. Brent rose 35 cents to $114.06.

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