| GEO Business | | Oil rebounds in Asian trade | Updated at: 0843 PST, Friday, April 09, 2010
SINGAPORE: Oil prices rebounded in Asian trade Friday after falling on concerns about demand stemming from a build-up in US crude inventories, analysts said.
New York's main contract, light sweet crude for delivery in May, rose 40 cents to 85.79 dollars a barrel. Brent North Sea crude for May was up 41 cents to 84.22 dollars.
Crude prices were lifted by a stronger equities performance in Hong Kong and China, but analysts said the market could pare back gains later in the day.
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