SINGAPORE:Oil prices increased in Asian countries Thursday, supported simply by better-than-expected US housing data and durable goods orders in america.
New York's contract, light sweet crude for delivery for the month of April gained 40 cents to $93. 07 a Barrel and Brent Northern Sea raw for April delivery additional 36 cent to $112.23."Crude edged standing on the returning of tougher economic data, " IG Markets said inside a report.
The Nationwide Association of Realtors said Wednesday in which US imminent home sales in the Month of January soared on their highest stage in almost several years, a sign the market is well on route to retrieval.
Separately, official data also showed in which durable goods orders -- stripping out volatile aircraft -- increased 1. 9 % in the Month of January, with capital goods orders even stronger.
