| GEO Business|
| Oil prices up in Asian trade|
| Updated at: 0857 PST, Thursday, May 07, 2009|
SINGAPORE: Oil prices rose to five-month highs in Asian trade Thursday after figures showed US crude reserves increasing at a lower-than-expected rate, analysts said.
New York's main futures contract, light sweet crude for delivery in June, gained six cents to 56.40 dollars a barrel. Brent North Sea crude for June delivery was up 27 cents to 56.42 dollars.