SINGAPORE: Oil prices edged higher in Asian trade Friday as positive economic data in energy guzzlers the United States and China
spurred optimism about global demand, analysts said.
Prices were also supported by growing concerns about supply disruptions in the Middle East and Africa.
New York's main contract, West Texas Intermediate for delivery in
September, climbed 64 cents to $108.53 a barrel and Brent North Sea crude for September rose 50 cents to $110.04.
