| GEO Business|
| Oil up in Asian trade|
| Updated at: 1100 PST, Thursday, March 12, 2009|
SINGAPORE: Oil prices rebounded in Asian trade Thursday as the market awaited the OPEC cartel's decision on output cuts, analysts said.
New York's main futures contract, light sweet crude for April delivery, gained 62 cents to 42.95 dollars a barrel after sliding 3.38 dollars in US trade Wednesday.
Brent North Sea crude for delivery in April rose 43 cents to 41.83 dollars following a 2.56-dollar drop in London trade.