26.02.2009 - Oil above $42 on optimism demand drop slowing
From AP: Oil prices inched higher above $42 a barrel Thursday in Asia as a lower-than-expected U.S. crude inventory increase sparked investor optimism that the collapse in demand may be slowing. Benchmark crude for April delivery rose 9 cents to $42.59 a barrel by midmorning in Singapore on the New York Mercantile Exchange. The contract gained $2.54 on Wednesday to settle at $42.50..... Full Article: Source