Oil above $90 in Asia for first time since May
BANGKOK (AP) — Oil rose above $90 a barrel in Asia for the first time since May after the U.S. government said oil demand is on the rise and regional stock markets rebounded on strong earnings and improved U.S. economic data.
Benchmark crude was up 93 cents at $90.80 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 65 cents to settle at $89.87 per barrel in New York on Wednesday. Brent crude was up 76 cents at $105.92 a barrel on the ICE futures exchange in London.
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