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...
By
AFP
|
April 19, 2013
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.