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Brent August crude up $1.06 to $114.07/bbl

Published 06/15/2011, 08:26 PM
Updated 06/15/2011, 08:28 PM

SEOUL, June 16 (Reuters) - August Brent crude futures swung back to rise by $1.06 to $114.07 a barrel in early Asian trade on Thursday in the wake of a slightly recovering euro and a larger-than-expected draw in U.S. crude stocks.

The August contract settled down $6.34 at $113.01 in the previous session, while July delivery expired and settled $3.06 lower at $117.10. On the New York Mercantile Exchange, July crude gained 44 cents to $95.27 a barrel as of 0016 GMT.

The euro was quoted at $1.4187/92 , slightly gaining from the previous session when it skidded to $1.4154, lows not seen since May 27. (Reporting by Cho Mee-young; Editing by Jonathan Hopfner)

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