Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 626 Fri. March 03, 2006  
   
Business


Oil prices up


Oil prices rose in Asian trade Thursday as the market ignored healthy US crude and gasoline stockpiles to focus on geopolitical worries, particularly Nigeria, dealers said.

At 12:50 pm (0450 GMT), New York's main contract, light sweet crude for delivery in April, was up 18 cents to 62.15 from its close of 61.97 in the United States on Wednesday.