Updated on
Summary
Oil is slightly up in the Asian markets owing to rise in buying.In Singapore, the light sweet crude oil for March Delivery is up by 18 cents to $71.37 cents a barrel.Brent North Sea deals rose by 25 cents to $69.84 per barrel. Fall in Euro and prevailing bearish trend in stock markets resulted into rise in oil prices.However, the price of an oil barrel is still $71 in the market.
