Oil prices rose in Asian trade market today after Cyprus and its international creditors struck a 10-billion-euro bailout deal, averting a collapse of the country's banking system. New York's main contract, light sweet crude for delivery in May added 42 cents to 94.13 dollar a barrel and Brent North Sea crude for May delivery increased 44 cents to 108.10 dollars.
News On AIR | March 25, 2013 11:25 AM
Oil prices up in Asian trade