| GEO Business | | Oil higher in Asian trade | Updated at: 0914 PST, Monday, March 29, 2010
SINGAPORE: Oil prices rebounded in Asian trade Monday on optimism that key data out of the US later this week will show the world's biggest economy was continuing its steady recovery, analysts said.
New York's main contract, light sweet crude for delivery in May, climbed 49 cents to 80.49 dollars a barrel. Brent North Sea crude for May delivery was up 36 cents to 79.65 dollars per barrel.
Oil prices declined Friday after weaker-than-expected US economic growth data overshadowed the impact of a rescue plan for debt-ridden Greece, traders said.
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