Agence France-PresseApril 23, 2013 23:31
Oil prices rose slightly in Asia Wednesday on cautious hopes of a rise in energy demand in the United States, analysts said.
New York's main contract, light sweet crude for delivery in June, added 21 cents to $89.39 a barrel and Brent North Sea crude for June delivery gained 17 cents to $100.48 in mid-morning trade.
"There is an underlying growth-in-demand prospect with the upcoming US stockpiles data. This is fuelling positive sentiment and balancing generally softer economic data," Jason Hughes, head of sales trading at CMC Markets in Singapore, told AFP.