| GEO Business | | Oil prices lower in Asian trade | Updated at: 1220 PST, Thursday, April 23, 2009
SINGAPORE: Oil prices fell in Asian trade Thursday after US crude reserves rose higher than expected, indicating demand remained weak in the recession-hit US economy, dealers said.
New York's main futures contract, light sweet crude for June delivery, fell 32 cents to 48.53 dollars a barrel. Brent North Sea crude for delivery in June eased 30 cents to 49.51 dollars.
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