Oil prices were higher in Asian trade on Wednesday but sentiment was subdued after the meeting of French and German leaders failed to ease market concerns over the eurozone debt crisis. New York's main contract light sweet crude for September delivery, was up 17 cents to 86.82 dollar a barrel, while Brent North Sea crude for October rose 10 cents to 109.23 dollar. Analysts said concerns over the eurozone debt crisis remained a dampener among investors even after the meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel in Paris last evening.
News On AIR | August 17, 2011 2:35 PM
Oil prices up in Asian trade today