Oil was above 78 US Dollars a barrel in Asian trade today. Analysts however said, that global demand remained weak amid healthy crude stockpiles, keeping prices within range. New York's main futures contract, light sweet crude for April delivery, was up 41 cents to 78.58 USD a barrel, after falling 1.83 USD in US trade yesterday. London's Brent North Sea crude for April delivery was up 38 cents to 76.67 USD a barrel after shedding 1.80 USD.
News On AIR | February 26, 2010 10:51 AM
Oil rises above 78 dollars in Asian trade