Oil prices turn mixed

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#SINGAPORE: #Oil turned mixed in #Asian #trade Monday, with analysts saying prices are #supported by fears about an escalation of the Ukraine crisis after the downing of a Malaysian airliner.

Investors were also eyeing developments in the Middle East after Israel launched a ground offensive against Hamas militants in Gaza, fuelling worries about the oil-rich region.

US benchmark West Texas Intermediate for August delivery was down 21 cents at $102.92 in afternoon trade, a day before the contract expires. Brent crude for September rose six cents to $107.30.

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