Oil edges up as financial traders bet on higher prices

April 13, 2015 1:17 AM

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Oil edges up as financial traders bet on higher prices

SINGAPORE (Reuters) - Oil prices edged up in early Asian trading on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in U.S. drilling.

Front-month Brent crude futures rose 18 cents to $58.05 a barrel by 08:06 p.m. EDT. U.S. crude was up 9 cents at $51.73.

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