Associated Press - December 2, 2009 5:24 AM ET SINGAPORE (AP) - Oil prices lingered around $78 a barrel today in Asia after U.S. crude supplies unexpectedly rose, suggesting demand in the world's largest economy remains weak.
Benchmark crude for January delivery was flat at $78.37 at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.09 to settle at $78.37 on Monday. Oil prices climbed in New York trading as the dollar weakened and new figures showed energy demand for crude may be growing in China.
Full Story: Oil lingers around $78 - WXVT
Benchmark crude for January delivery was flat at $78.37 at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.09 to settle at $78.37 on Monday. Oil prices climbed in New York trading as the dollar weakened and new figures showed energy demand for crude may be growing in China.
Full Story: Oil lingers around $78 - WXVT
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