Oil price gains on rising US vehicle sales

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by Laura Matovina

BANGKOK (AP) -- Oil prices rose Wednesday after U.S. vehicle sales rose sharply last month, a sign that fuel consumption could be on the way up in the world's No. 1 economy.

Benchmark crude for October delivery was up 6 cents at $95.36 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.17 to close at $95.30 per barrel on the Nymex on Tuesday.

Brent crude fell 18 cents to $114 on the ICE Futures exchange in London.

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