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Oil rises in Asia

Friday, January 1, 2010
Updated at: 1407 PST, Thursday, December 31, 2009
BANGKOK: Oil prices headed toward $80 a barrel Thursday in Asia, the final day of trading for 2009, after U.S. crude stockpiles fell for the fourth week in a row.

Benchmark crude for February delivery was up 44 cents at $79.72 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract added 41 cents to settle at $79.28 on Wednesday.
Posted by faraz at 8:38 AM
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