SINGAPORE—Oil prices rose to above $99 a barrel Wednesday in Asia after an unexpected drop in U.S. crude supplies suggested demand is improving.
Benchmark crude for March delivery was up 83 cents at $99.24 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.50 to settle at $98.41 on Tuesday. http://www.boston.com/news/world/asia/articles/2012/02/08/oil_rises_above_99_after_us_crude_supply_drop/
Article courtesy of The Boston Globe by Alex Kennedy-Associated Press
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