Thursday, February 11, 2010
Oil strengthens above 74 dollars in Asian trade
6:35 PM | 
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SINGAPORE: Oil firmed up in Asian trade Thursday as a weaker US dollar spurred buying in the commodity and investors waited for a closely watched report on US energy inventories.
New York's main futures contract, light sweet crude for delivery in March, rose 35 cents to 74.87 dollars a barrel. Brent North Sea crude for March delivery was up 26 cents to 72.80 dollars a barrel.
The euro climbed to 1.3786 dollars in Singapore morning trade from 1.3732 dollars in New York late Wednesday. The dollar eased to 89.90 yen from 89.92.
New York's main futures contract, light sweet crude for delivery in March, rose 35 cents to 74.87 dollars a barrel. Brent North Sea crude for March delivery was up 26 cents to 72.80 dollars a barrel.
The euro climbed to 1.3786 dollars in Singapore morning trade from 1.3732 dollars in New York late Wednesday. The dollar eased to 89.90 yen from 89.92.
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