Tuesday, April 20, 2010

Oil climbs in Asian trade

Geo 436 SINGAPORE: Oil climbed above 84 dollars in Asian trade Wednesday as European governments reopened their airspace to more flights following a shutdown caused by ash from an erupting volcano in Iceland. Prices also had a boost from regional equities markets, which were buoyed by a rise in US stocks. New York’’s main contract, light sweet crude for delivery in May, jumped 36 cents to 84.21 dollars a barrel. Brent North Sea crude for June rose 47 cents to 85.27 dollars.

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