Oil prices rose to 72 dollars per barrel in Asian Markets today. The rise is on the back of forecast for a drop in U.S. inventories which fell by 900,000 barrels last week as imports declined. Newyork's Light sweet crude gained 11 cents to 71.55 dollars per barrel in the morning trade. ICE Brent crude was unchanged at 72.12 dollars per barrel.
News On AIR | June 8, 2010 12:39 PM
Oil price rises in Asian markets