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Oil prices rise again

Oil prices rise again

SINGAPORE – Oil prices rose in Asian trading Friday, rebounding from a midweek drop triggered by figures showing a surge in US distillate supplies.

Light, sweet crude for November delivery was at US$61,82 a barrel. Crude oil futures have plummeted more than 20 per cent over the past two months as worries have eased about supply threats and signs of economic weakness in the US could point to softening energy demand.Crude oil futures have plummeted more than 20 per cent over the past two months as worries have eased about supply threats and signs of economic weakness in the US could point to softening energy demand.

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