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Oil prices rise as US housing improves

6:04 AM, Mar 20, 2013   |    comments
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BANGKOK (AP) - The price of oil rose as energy markets set aside worries about a financial crisis in Cyprus after the release of strong U.S. housing data.

Benchmark oil for April delivery was up 20 cents to $92.36 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.58 to finish at $92.16 on Tuesday.

Brent crude, used to price many kinds of oil imported by U.S. refineries, rose 52 cents to $107.97 per barrel on the ICE Futures exchange in London.

 

 

 

 

 

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