Oil prices edged higher in Asian trade today as investors focused on the US Federal Reserve's policy meeting this week for clues about its long-awaited stimulus pullback. New York's main contract, West Texas Intermediate (WTI) for January delivery, was up six cents at 96.66 dollars in mid-morning trade while Brent North Sea crude for January gained 68 cents to 109.51 dollars. European benchmark Brent gained support after armed protesters in crude producer Libya yesterday refused to lift a months-long blockade of vital oil terminals in the eastern part of the country.
News On AIR | December 16, 2013 5:16 PM
Oil prices up in Asian trade