Oil up in Asian trade

SINGAPORE: Oil was up in Asia on Friday on market speculation the OPEC cartel would cut output ahead of a meeting next month to stop Brent crude prices -- which remained below $100 a barrel -- from...

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AFP
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Oil up in Asian trade
SINGAPORE: Oil was up in Asia on Friday on market speculation the OPEC cartel would cut output ahead of a meeting next month to stop Brent crude prices -- which remained below $100 a barrel -- from falling further.

New York's main contract, light sweet crude for delivery in May added 43 cents to $88.16 a barrel.

Brent North Sea crude for June delivery gained 30 cents to $99.43 but still below the psychological threshold of $100 a barrel.