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"Last week's drop left oil oversold," Shum said. "We expect prices to creep back above $80, possibly this week." In other Nymex trading in June contracts, heating oil rose 5.03 cents to $2.1298 a gallon, and gasoline added 5.21 cents to $2.1772 a gallon. Natural gas gained 3.8 cents to $4.053 per 1,000 cubic feet. In London, Brent crude was up $2.16 to $80.43 on the ICE futures exchange.
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