Updated at: 0854 PST, Thursday, December 03, 2009
SINGAPORE: Oil was higher in Asian trade Thursday, bouncing back from overnight falls as investors digested key US inventory data, analysts said.New York's main contract, light sweet crude for January delivery rose 20 cents to 76.80 dollars a barrel. Brent North Sea crude for January delivery added 42 cents to 78.30 dollars. Oil prices fell sharply in US trade Wednesday after news of a larger-than-expected rise in gasoline or petrol supplies in the United States, the world's biggest energy consuming nation.
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