Oil prices edge up on firm Asian, U.S. demand
* Japan posts strong oil import figures
* Peak demand season kicks off in U.S.
* Libyan warplanes attack oil tanker
* Analysts expect well supplied markets to cap price rises (Adds comment, updates prices
SINGAPORE, May 25 (Reuters) - Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season.
Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. U.S. crude prices were up 14 cents at $59.86 a barrel.
"Global oil demand continues to surprise to the upside, with April data showing no signs of slowdown despite a pick-up in prices," Energy Aspects said.
No comments:
Post a Comment