SINGAPORE: Oil prices recovered modestly but remained below 70 dollars in Asian trade Thursday after overnight losses on US energy demand concerns, analysts said.New York's main contract, light sweet crude for August delivery was 14 cents firmer at 69.45 dollars. Brent North Sea crude for August delivery rose 10 cents to 68.89 dollars a barrel. Crude fell at the close of US trading Wednesday as investors focused on weak American gasoline demand indicated by the latest government data which showed petrol stocks rising by 2.3 million barrels in the week ending June 26.
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