Oil edges towards $US80/bbl

OIL prices broke a five-day losing streak last night as rising equity markets spurred optimism the global economic recovery will sustain and energy demand will remain strong.

Oil edges towards $US80/bbl Oil edges towards $US80/bbl Oil edges towards $US80/bbl Oil edges towards $US80/bbl Oil edges towards $US80/bbl

New York’s Western Texas Intermediate jumped more than $US2 to close at $US77.57 a barrel while Singapore’s Tapis broke through the $US80/ bbl mark at $US81.75.
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