Oil price up as Asian stocks rise
Brent crude rose to $49.11 a barrel while US light sweet crude was $50.18. On Thursday, prices hit lows of $48.90 and $49.62 respectively. This is the first time prices have fallen below $50 since May 2005...This week, the oil price fell 12%, some $100 less than its July record of $147.
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Tags: oil, oil price, stock, New York Mercantile Exchange, oil dropped, use light, light sweet, Brent, sweet crude, brent crude, petrol price, crude oil
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