Oil Price Increases In Asia Trade
August 28, 2009 by Trend PK
Filed under Business News
SINGAPORE: Oil prices were above 72 dollars in Asian trade on Friday following an overnight rally which saw the market buoyed by strong performances on Wall Street and a weakening US dollar, analysts said.
New York’s main futures contract, light sweet crude for October delivery, was up 13 cents to 72.62 dollars a barrel. Brent North Sea crude for delivery in October was unchanged at 72.51 dollars.
“Oil market sentiment benefited from a recovery on US equity markets,” the Commonwealth Bank of Australia said in a report.
Oil Price Increases In Asia Trade was first posted on August 28, 2009 at 4:06 pm.
©2009 “Pakistan News“.
