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    <title>Business Recorder - Markets - Energy</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 14 Aug 2026 01:26:01 +0500</pubDate>
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      <title>Oil prices up in Asia</title>
      <link>https://www.brecorder.com/news/3010/oil-prices-up-in-asia</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/oil-400.jpg" width="400" height="335" /&gt;SINGAPORE: Oil prices climbed in Asian trade Tuesday, bolstered by continued unrest in the Middle East and North Africa and robust Chinese demand, analysts said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;New York's main contract, light sweet crude for March delivery, was up 24 cents to $85.05 per barrel.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Brent North Sea crude for delivery in April advanced 13 cents to $103.21.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Unrest in the Middle East could provide some support to crude oil prices," said Ong Yi Ling, investment analyst for Phillip Futures in Singapore.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Crude markets had been supported by supply concerns in the Middle East as demonstrators in various Arab states drew inspiration from pro-democracy protests leading to the ouster of leaders in Tunisia and Egypt.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Unrest has followed in Iran, Yemen and Bahrain.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Robust Chinese crude demand has also helped support crude prices.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"China crude oil imports rose 27 percent from a year ago," Ong told AFP.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Chinese data released Monday showed the world's largest energy consumer importing 5.13 million barrels of crude per day for the month of January 2011.&lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/oil-400.jpg" width="400" height="335" />SINGAPORE: Oil prices climbed in Asian trade Tuesday, bolstered by continued unrest in the Middle East and North Africa and robust Chinese demand, analysts said.</p>
<p class="MsoPlainText">New York's main contract, light sweet crude for March delivery, was up 24 cents to $85.05 per barrel.</p>
<p class="MsoPlainText">Brent North Sea crude for delivery in April advanced 13 cents to $103.21.</p>
<p class="MsoPlainText">"Unrest in the Middle East could provide some support to crude oil prices," said Ong Yi Ling, investment analyst for Phillip Futures in Singapore.</p>
<p class="MsoPlainText">Crude markets had been supported by supply concerns in the Middle East as demonstrators in various Arab states drew inspiration from pro-democracy protests leading to the ouster of leaders in Tunisia and Egypt.</p>
<p class="MsoPlainText">Unrest has followed in Iran, Yemen and Bahrain.</p>
<p class="MsoPlainText">Robust Chinese crude demand has also helped support crude prices.</p>
<p class="MsoPlainText">"China crude oil imports rose 27 percent from a year ago," Ong told AFP.</p>
<p class="MsoPlainText">Chinese data released Monday showed the world's largest energy consumer importing 5.13 million barrels of crude per day for the month of January 2011.</p>
<p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i></i></center></p>
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      <category>Markets</category>
      <guid>https://www.brecorder.com/news/3010</guid>
      <pubDate>Tue, 15 Feb 2011 07:49:13 +0500</pubDate>
      <author>none@none.com (Syed Murtaza Gheblehzadeh)</author>
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