Oil prices bounced back in the Asian markets today after a massive sell-off last night. Light sweet crude added 68 cents to trade at 100.48 dollar per barrel after slumping more than eight percent to close at 99.80 dollar yesterday, the first time it fell below 100 dollar mark since March 16. Brent North Sea crude gained 87 cents and was priced at 111.67 dollar a barrel after it slid more than 10 dollars overnight.
News On AIR | May 6, 2011 12:53 PM
Oil prices bounce back in Asian markets