USD 92.2628

-0.33

EUR 99.7057

-0.56

Brent 86.99

+0.1

Natural gas 1.752

-0

361

Oil Rose to $105 On Another US Stockpiles Drop

Oil edged close to US$105 a barrel in Asian trade early Thursday

Oil Rose to $105 On Another US Stockpiles Drop

Oil rose again to $105 a barrel in Asian trade early Thursday as investors worried over an unexpected drop in US energy stockpiles.

OPEC's decision to maintain output levels and the dollar's continued weakness were also driving crude higher, they said.

New York's main contract, light sweet crude for April delivery, traded at a new high of US$104.95. It closed Wednesday at US$104.52.

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