Oil up in Asia on Weaker Dollar:
SINGAPORE: Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper and spurred demand, analysts said.
Upbeat employment data in the United States also buoyed sentiment and fuelled hopes demand will improve in the world's biggest oil consuming nation, they said.
New York's main contract, light sweet crude for delivery in April was up 15 cents to $93.21 a barrel in morning trade and Brent North Sea crude for May gained 43 cents to $109.40.
Business News
AFP
