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Oil stays above $96 on consumer confidence

By Pamela Sampson
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BANGKOK (AP) — Oil prices rose for a fifth straight day of gains Monday, on the back of rising consumer confidence in the U.S. economy.

Benchmark oil for September delivery rose 5 cents to $96.06 per barrel in late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 41 cents to end at $96.01 per barrel on the Nymex on Friday.

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