Oil prices witnessed a rise in Asian trading, after dipping by more than two dollars in the previous session. This two dollar dip was caused on growing concerns of growing crude inventories in USA, despite a cooling of the economy and fuel demand. Light, sweet crude for March delivery rose to US$87.60 a barrel in Asian electronic trading on the New York Mercantile Exchange by midmorning in Singapore. The contract fell by US$2.22 on Wednesday.
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Thursday, January 24, 2008
Oil prices rise in Asia after a two dollar dip in the previous session
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