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Markets

Brent futures extend gains, up $1 to $104.35/bbl

Published Updated

oil-barrelsLONDON: Brent crude futures extended gains on Monday, up $1 to $104.35 a barrel as the dollar index fell, rendering dollar-denominated commodities such as oil more affordable to buyers in other currencies.

By 1020 GMT, Brent crude was 86 cents firmer at $104.21 a barrel, reversing earlier losses.

Copyright Reuters, 2011

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