Oil hovers near $77 on US economy, crude demand (AP)

Eric Theriault, of Cash Energy Co., makes a heating oil delivery Tuesday, July 27, 2010 in Portland, Maine. According to the U.S. Energy Information Administration, heating oil prices are expected to climb gradually this winter with no wild price spikes projected. (AP Photo/Joel Page)AP - Oil prices hovered near $77 barrel Thursday in Asia amid signs of a slowing U.S. economy and weak demand for crude.


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