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Crude oil up towards $102, but still near 14-month low

Brent shed nearly $2 on Monday, as investor worries over conflict in Iraq eased, and as higher Libyan oil output added to already ample supplies.

Crude prices mixed in Asia

US benchmark, West Texas Intermediate (WTI) for delivery in July, was down 21 cents to USD 103.37 a barrel after rallying 86 cents in Yew York Thursday.