Oil up $1 on dollar weakness, oil stocks outlook

Published July 19, 2011 Updated July 19, 2011 07:45am

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By Abdul Ahad

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By 0727 GMT, Brent crude was up 92 cents at $116.96, having hit the day's high of $117.16. US crude Was up 91 cents at $96.89 having peaked at $96.93.

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