Oil Prices Continues to Rise

Oil prices climbed toward US$86 dollars a barrel in Asia Trade on Monday, reflecting optimism in a global economic recovery.



New York's light sweet crude for delivery in May was up 77 cents to US$85.64 a barrel. New York crude briefly traded above US$85 last week, its highest level since October 2008, report news agencies in Singapore.

Brent North Sea crude for May rose 59 cents to US$84.60 a barrel.