Tuesday 15 January 2013

Oil prices up in Asian trade


SINGAPORE: Oil prices rebounded in Asian trade Wednesday on stronger US demand for heating oil but an impending showdown in the US Congress over the debt ceiling could limit gains, analysts said.

New York's main contract, light sweet crude for delivery in February was up 15 cents to $93.43 a barrel and Brent North Sea crude for February delivery climbed 22 cents to $110.52.

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