Oil prices rose for a fourth consecutive day in Asian trade today on a sharp slump in crude stockpiles, indicating strong demand in the world's biggest economy. New York's main contract, light sweet crude gained 22 cents to reach 92.08 dollar a barrel. Brent North Sea crude was up 24 cents at 98.36 dollar.
News On AIR | January 13, 2011 1:17 PM
Oil prices rises for a fourth consecutive day in Asian trade