Oil rises | The Daily Star
12:00 AM, April 13, 2010 / LAST MODIFIED: 12:00 AM, April 13, 2010

Oil rises

Oil prices rose in Asian trade Monday as the euro firmed against the US dollar and on the back of indications of improved Chinese demand, analysts said.
New York's main contract, light sweet crude for delivery in May, added 48 cents to 85.40 dollars a barrel.
Brent North Sea crude for May was up 47 cents to 85.30 dollars per barrel.
"The euro has risen against the US dollar this morning and the Chinese trade data gave markets a more positive view on oil demand," said David Moore, a commodity strategist with the Commonwealth Bank of Australia in Sydney.

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