Oil prices hover above $74 a barrel

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Posted: Feb 16, 2010 9:08 AM by John Pastorek
Updated: Feb 16, 2010 9:22 AM
Source: Associated Press

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Topics: oil, oil prices, benchmark crude, crude demand, Asia, China, South Korea, Singapore, investors

Oil prices hovered above $74 a barrel Tuesday in Asia as investors looked for signs of improving global crude demand.

Trading volume was light in Asia, as many markets were closed in China, South Korea and Singapore for the Lunar New Year holiday.

Oil has traded between $69 a barrel and $84 for the least few months as investors struggle to gauge global crude demand.

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