SINGAPORE (AFP) – Oil prices rose in Asia Friday as dealers focused on increasing tensions in the Middle East and Ukraine, while shrugging off concerns about surging US stockpiles, analysts said.US benchmark West Texas Intermediate added 32 cents to $51.08 while Brent gained 47 cents to $60.95 in late-morning trade.We are seeing a constructive market at the moment with traders seeing a lot of upside potential, possibly based on tensions in the Middle East and Ukraine, Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP.Somehow, we are seeing investors looking away from the huge build in US …read more
Source: Dunya TV
