Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 778 Fri. August 04, 2006  
   
Business


Oil prices rise


Oil prices were higher in Asian trade Thursday on concerns an approaching storm and a decline in US crude reserves.

At 11:25 am (0325 GMT), New York's main contract, light sweet crude for delivery in September, was up eight cents to 75.89 US dollars a barrel from its US close of 75.81 dollars Wednesday.

Brent North Sea crude for September delivery was up seven cents at 76.96 dollars.