Oil prices surged back above 80 dollars a barrel in Asian trade on Friday on news that the United States has emerged from a long and painful recession after posting its strongest growth in two years. New York's main contract, light sweet crude for December delivery, was trading at 80.08 dollars in morning trade, up 21 cents from the previous day. Brent North Sea crude for December was up 10 cents to 78.14 dollars.
News On AIR | October 30, 2009 11:26 AM
Oil prices above 80 dollars a barrel