Oil prices are higher in Asian Trade

by Daniel Kraig    April 09, 2009

It seems it was the peak time for the oil prices in asian trade. The prices crossed USD 50 . Brent North Sea crude for May delivery advanced 59 cents to USD 52.18.

As per the latest US Energy report released yesterday price received a mild boost which had impacts on the country's crude stocks that increased by a smaller margin than the industry had forecast.

Algeria's energy minister Chakib Khelil said on Wednesday "The global economy is starting to pick up, especially in the United States," .

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