| GEO Business | | Oil prices up in Asian trade | Updated at: 0853 PST, Friday, May 15, 2009
SINGAPORE: Oil prices were up in Asian trade Friday, after US stocks rebounded from a heavy sell-off as investors looked ahead for an economic recovery.
New York's main futures contract, light sweet crude for delivery in June, gained 11 cents to 58.73 dollars a barrel. Brent North Sea crude for July delivery rose 12 cents to 58.71 dollars.
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