Oil prices turn higher

LONDON: Oil prices climbed on Monday, reversing earlier losses caused by worries over weak demand, analysts said.

New York’’s main futures contract, light sweet crude for delivery in March, gained 30 cents to 73.19 dollars a barrel at about 1000 GMT after dipping by a similar amount during Asian trading hours. Brent North Sea crude for March rose 33 cents to 71.79 dollars.

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This entry was posted on February 2, 2010 at 6:47 am and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed.