Oil prices up in Asian trade
November 12, 2009 by Trend PK
Filed under World News
Original Content.Thnewspk.com SINGAPORE: Oil prices hovered above $79 a barrel Thursday in Asia as investors eyed signs that U.S. crude demand remains weak.
Original Content.Thnewspk.com
SINGAPORE: Oil prices hovered above $79 a barrel Thursday in Asia as investors eyed signs that U.S. crude demand remains weak.
Benchmark crude for December delivery was down 2 cents to $79.26a barrel at midday Singapore time in electronic trading on the NewYork Mercantile Exchange. The contract added 23 cents to settle at$79.28 on Wednesday.
In other Nymex trading, heating oil was steady at $2.05 a gallon. Gasoline for December delivery held at $2.00 a gallon. Natural gasfor December delivery fell 2.3 cents to $4.48 per 1,000 cubic feet.
In London, Brent crude for December delivery rose 1 cent to$77.96 on the ICE Futures exchange.
