INQUIRER.net: Oil prices up in Asian trade

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Oil prices up in Asian trade Nov 4th 2013, 03:24 SINGAPORE – Oil prices rose in Asia Monday as dealers await US economic data this week that could provide a clue to when the Federal Reserve will start winding down its stimulus program.   New York's main contract West Texas Intermediate (WTI) for December delivery gained nine cents to $94.70 a barrel in morning trade, while Brent North Sea crude for December climbed 25 cents to $106.16.   "Investors will be looking at US economic data this week, especially the jobs data, for an indication of whether tapering will be brought forward to December," Desmond Chua, market analyst at CMC Markets in Singapore, told AFP.   A better-than-expected summary of ... Keep on reading: Oil prices up in Asian trade Media files: oil-pump.jpg (image/jpeg)

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