SINGAPORE (AP) - Oil prices rose to nearly $73 a barrel Monday in Asia as investors worried about a weak U.S. economic recovery amid light holiday trading volume.
Benchmark crude for August delivery was up 38 cents to $72.52 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 81 cents to settle at $72.14 on Friday.
(Copyright 2010 by The Associated Press. All Rights Reserved.)