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Summary
Crude oil is up in Asia due to reports of rise in demand in China. In Singapore, light sweet crude oil for August delivery is up by 33 cents to $76.87 cents a barrel. Brent North Sea trade rose by 21 cents to 75.83cents a barrel.Traders said that the demand in oil rose in wake of the reopening of European and UK airspace. According to reports, China has imported 540,0000 barrels a day in June.
