Crude-oil prices continued to move up in early Asia trade Thursday buoyed by a weaker dollar, in a revival that is likely to be short-lived as supply continues to outpace demand.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in March CLH6, +1.05% traded at $32.50 a barrel, up $0.22, or 0.7%, in the Globex electronic session. April Brent crude LCOJ6, +0.80% on London’s ICE Futures exchange rose $0.19, or 0.5%, to $35.23 a barrel.
