Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Friday, buoyed by hopes the US Federal Reserve will wait longer before scaling back its stimulus programme, analysts said. New York's main contract, West...

By
AFP
|
Oil prices rise in Asian trade
SINGAPORE: Oil prices rose in Asian trade Friday, buoyed by hopes the US Federal Reserve will wait longer before scaling back its stimulus programme, analysts said.

New York's main contract, West Texas Intermediate (WTI) for December
delivery, was up 46 cents at $94.22 a barrel in mid-morning trade, while Brent North Sea crude for January gained 14 cents to $108.42.