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SINGAPORE: World oil prices advanced in Asian trade Wednesday, mirroring gains on stock exchanges, as markets looked to an expected rate cut by the Federal Reserve to boost the flagging US economy, dealers said.New York's main contract, light sweet crude for December delivery rose 1.99 dollars to 64.72 dollars a barrel. Brent North Sea crude for December delivery was 2.16 dollars higher at 62.45 dollars a barrel.Oil prices are down by over 50 percent since July's record highs of more than 147 dollars, on growing concerns demand will be hit by slowing global growth.
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