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31/01/2012 07:05 AST
Oil rose in Asia today as traders reacted to better than expected economic data from Japan, analysts said.
New York’s main contract, West Texas Intermediate crude for delivery in March, gained 54 cents to $ 99.32 a barrel in morning trade.
Brent North Sea crude for March delivery was up 40 cents to $111.15.
“Oil prices are higher ... reacting largely to the positive Japanese economic data showing increased spending,” said Mr Ken Hasegawa, energy desk manager at Newedge brokerage in Japan.
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The Hindu Business Line
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
(In US Dollar) | Change | Change(%) | |
---|---|---|---|
Brent | 68.12 | -2.02 | -2.88 |
WTI | 63.51 | 0.5 | 0.79 |
OPEC Basket | 64.98 | -1.5 | -2.26 |
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