| GEO Business | | Oil rises in Asian trade | Updated at: 0911 PST, Thursday, May 06, 2010
SINGAPORE: Oil was higher in Asian trade Thursday after falling sharply in recent days, boosted by Japanese traders returning to the market following a long holiday, analysts said.
New York's main contract, light sweet crude for June, was up 25 cents to 80.22 dollars a barrel, while Brent North Sea crude for June delivery gained 18 cents to 82.79 dollars.
Trading volume had been lower than usual in recent days due to the Japanese market being closed and investors staying away on worries about debt-laden Greece, analysts said.
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