Oil prices climbed in Asian trade today following heavy losses in New York trade stoked by a rise in stockpiles and concerns about the global economy.New York's main contract, light sweet crude for delivery in April gained 37 cents to 93.21 dollars a barrel and Brent North Sea crude for delivery in April added 61 cents to 114 dollars and 14 cents.An increase in crude inventories puts a downward pressureon oil prices.
News On AIR | February 22, 2013 9:42 AM
Oil rises in Asia trade on concerns about global economy