Oil hovers above $74 amid light holiday trading (AP)

15 February 2010 Last updated : 15 February 2010 BonTrade

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Oil prices hovered above $74 a barrel Monday, supported by strong economic growth in Japan but held in check by a stronger dollar. Trading volume was light, however, due to holidays in Asia and the United States.

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Oil hovers above $74 amid light holiday trading (AP)

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