Oil prices rose in Asian trade today on data showing an improvement in US employment numbers as concerns over geopolitical tensions in the Middle East lingered.
New York’s main contract, West Texas Intermediate crude for delivery in May, gained 33 cents to USD 105.68 per barrel while Brent North Sea crude for May settlement was up 12 cents at USD 123.26.
“Oil has gone higher, supported by economic optimism in the United States and also concern about supply from Iran,” said Ken Hasegawa, energy desk manager at Newedge brokerage in Japan.
From: http://ping.fm/geWGk
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