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Oil prices reach near mid-$88 a barrel
BANGKOK Published in Saudi Press Agency on 08 - 02 - 2008


Oil prices in Asia rose Friday,
adding to a rebound that started overnight as a more stable
stock market calmed investors fears about the health of the
U.S. economy, the Associated Press reported.
Light, sweet crude for March delivery rose 41 cents to
US$88.52 a barrel in electronic trading on the New York
Mercantile Exchange by midday in Singapore. The contract
rose 97 cents to settle at $88.11 a barrel overnight.

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