Oil rises near $73 amid light 4th of July trading

SINGAPORE (AP) - Oil prices rose to nearly $73 a barrel Monday in Asia as investors worried about a weak U.S. economic recovery amid light holiday trading volume.

Benchmark crude for August delivery was up 38 cents to $72.52 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 81 cents to settle at $72.14 on Friday.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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