Crude prices were higher in Asian trade today as the market continued to be cheered by Europe 's debt rescue promise. New York 's main contract, light sweet crude for delivery in December, gained 14 cents to 93.46 dollars per barrel. Brent North Sea crude for December delivery rose 21 cents to 110.12 dollars.Crude markets were supported by optimism that European leaders will come up with a solution to the region's debt crisis. Traders were also looking ahead to a Franco-German meeting tomorrow, where politicians from the two sides were expected to further discuss the debt rescue plan broadly agreed upon last week.
News On AIR | October 31, 2011 11:29 AM
Crude prices higher in Asian trade