Oil hangs below $93 as stock rebound buoys crude

Oil prices hung below $93 a barrel Tuesday in Asia, holding gains from the previous day as crude followed global stock markets higher.
Benchmark oil for June delivery was up 10 cents to $92.67 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.09 to settle at $92.57 in New York on Monday. Brent crude for July delivery was up 10 cents at $108.91 per barrel in London.

From: http://ping.fm/InRJh